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Obama Gives One to the Taxpayers

By Jim Cramer

 About this article:
 President-elect Obama has shown his true colors today: He actually favors the taxpayer over the bank executives and shareholders. He is actually trying to help the homebuyers, not the people who make a ton of money working at banks or owning stocks in them. And with his little note to Congress on TARP, we got the TARP ripped off the bank group, and then, ultimately the stock market. Hey, that's cool. I can get into that. But not without the recognition that this is a deadly statement for banks, just deadly. Might as well shoot 'em like lame horses. The government had just come up with a plan to help banks and allow shareholders to thrive, the Citigroup rescue plan. Right now it looks like that's the last of them. From now on, if you take money, you go zombie: no real incentive to work there...

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