FEDS TAKE CONTROL OF BANK OF AMERICA

Ominous news hit the financial world on Friday as the U.S. Government took controlling interest of the embattled Bank of America.

This is nationalization of industry, which fits the definition of 'socialism.' And yes, my dear little dumbed down lame-brains of the public schools, socialism is BAD.

In order to address a crisis of its own making, the U.S. Government has abandoned the capitalism that made this country great and embarked on a failed course of government control of business and industry.

I have had great concern about the Bank of America for quite some time anyway over its policy of providing financial services to illegal aliens and its liberal, haphazard lending practices.

If it can't survive on its own with its own business plan, then it should be allowed to fail.

But the government is so concerned about protecting the necks of the few on the backs of the many (the taxpayers) that it is willing to forsake every sacred principle this country has always stood for.

And, as usual, people blame Bush. But Congressional Democrats created this mess, and the President-elect supports not only a modest bailout Bush has embraced but is proposing to add nearly a trillion more to it, which we are already being told is not enough.

When IS enough really enough?