Several media outlets are reporting that the bank CEOs want to repay the monies given to them as part of the bailout/TARP program, but that President Obama does not want the money returned...
According to the various reports, it's because the President believes the money needs to be 'in the system' and available for use.
But if the banks do not NEED the money and want to repay the taxpayer funds, why would this be a bad thing? Despite reports, individuals are getting credit and at reasonable - some would say highly favorable - rates.
So why would the President be opposed to the repayment?
I believe it's because of control. If the money is repaid, then the government no longer has a hammer to mandate decisions and employment. I may be cynical and I could be wrong, but I cannot help but believe the motivation for keeping taxpayer dollars in these organizations is so that the government can dictate what they do, how they do it and other such issues as compensation and loan policies.
Why else would the President not want the taxpayers of the nation to be repaid?
And I'm happy to know I'm not the only one who thinks this.