So the President wants even more control over banks

No surprise.

From the article:

President Barack Obama is ready to roll out an overhaul of the intricate rules and systems that govern America's troubled financial institutions, proposing the most ambitious revision since the Great Depression.

If that doesn't scare you then you are either not paying attention or you are a marxist like the President.

More from the article:

The goal is to prevent a recurrence of the economic crisis that erupted in the United States and exploded last fall with devastating consequences still reverberating around the world.

That is complete nonsense. The goal is to increase control of banks by the government.

Here is a little item that the "reporter" somehow "forgot" to mention:

THE GOVERNMENT CAUSED THE CRISIS!!

I put the word "reporter" in quotes because anyone that fawns over this President in this manner is a political hack instead of a reporter and I put the word "forgot" in quotes because I suspect this was left out on purpose.

Here is another great little line:

Unlike the government's temporary ownership stake in automakers and major financial companies . . .

Who does this guy think he is fooling? "The government's temporary ownership"? Do you really think the government will ever not own GM?

The only way the government will ever not own GM is if the President or Pelosi decides to do a favor for some political supporter.

Continuing in the article:

. . . the regulatory changes set to be announced Wednesday are designed to be permanent. They could result in a major realignment of power and authority among government agencies that set the rules for banking, lending and investing and touch American lives through daily transactions, from credit cards to mortgages and mutual funds.

TOUCH AMERICAN LIVES!!! Those are frightening words. The kind of words that will literally keep people up at night.

Ronald Reagan was absolutely correct when he said ""The nine most terrifying words in the English language are: 'I'm from the government and I'm here to help.'"

The number one thing we do NOT need is for the government to touch American lives more.

Now the article starts to get really silly:

The proposals already are the source of a spirited debate in Congress over whether Obama's measures will prove too timid or place too heavy a hand on the levers of capitalism.

I guess the people that think this is too timid are upset because it might leave some American somewhere untouched.

I think this is my favorite part:

One way or another, the Fed could be a winner in the administration's plan.

No kidding. I'm surprised that the editor let that little Freudian slip stay in the article.

God help this nation and save it from the government.