After releasing the results of these "stress tests" ... the Obama administration says that it is still open to the idea of government dictating management changes at these companies receiving "substantial" government aid. Robert Gibbs says the government would consider changes at the CEO level and at the board of directors level in order to make sure "that the management was in place to remedy the situation and ensure long-term viability without continued government assistance."
Tax cheat Timothy Geithner also echoed this sentiment. He says, "We'll have to make judgments about whether the quality of leadership of those boards is strong enough so that again our interests are met best." Did you hear that? "Our" interests. Who exactly is he speaking for? The federal government .. the Obama administration .. the Treasury Department .. the taxpayers? Either way, I am still waiting for someone to show me where in the Constitution it says that the executive branch of our federal government can remove anyone from a private company.
Again .. I'll point out, though it won't register with most people, that there is a name for an economy where the means of production are privately owned but controlled by the government. That would be a fascist economy. Not that anyone really cares.