Did Northern Trust "Scandal" Expose Secret Fed Plan to Take Over ALL Banks ?

(CNN) -- A bank that received $1.6 billion dollars of the
government's bailout money sponsored what reports are calling a
lavish series of events in Los Angeles, California, last weekend.
Northern Trust, based in Chicago, Illinois, spent an undisclosed
amount of money sponsoring a Professional Golf Association tournament
and associated client events, including concerts, dinners and parties,
according to celebrity Web site TMZ.com.
The bank spent millions of dollars on the event, which included -- on
top of the sponsorship costs of the Northern Trust Open tournament --
concerts by Sheryl Crow and Earth Wind & Fire, a private party at
music venue House of Blues and gift bags from Tiffany & Co., the Web
site said.
According to TMZ.com's report, employees and clients attending the
tournament dined on seared salmon and petite Angus filet and stayed at
some of Los Angeles' most elegant and expensive hotels.
Doug Holt, senior vice president of communication for Northern Trust,
confirmed to CNN that his bank sponsored the tournament and its events
but, he said, not at taxpayer expense.
Holt told CNN that as a "healthy" bank, Northern Trust did not seek
the $1.6 billion it received from the government as part of the U.S.
Treasury's Capital Purchase Program, but that it "agreed to the
government's goal of gaining the participation of all major banks in
the United States."
"This is the second year Northern Trust is sponsoring the Open as part
of a five-year contract," Holt said. The contract was signed in 2007,
before the government's Capital Purchase Program to aid banks came
into existence.
Holt also said that the sponsorship is an "integral part of Northern
Trust's global marketing activities," and as with all marketing,
advertising, corporate sponsorship or charitable activities, no
taxpayer money was used to fund the weekend events.
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Actually, Northern Trust *IS* a sound bank ... indeed recommended
as a safe place to stash yer cash by MSNs money experts. Seems
that NT didn't get into the real-estate and credit-card rackets
very much and has enjoyed a near-zero default rate. If they wanna
do promotions and live high ... well, they've EARNED the right.
http://articles.moneycentral.msn.com/Investing/SuperModels/5BanksSafeFromTheStorm.aspx?pag
e=all
Which brings up something VERY interesting, something which kinda
slipped under the media radar (intentionally ?).
WHY has the Fed been essentially FORCING 'bailout' money onto even
the strongest of banks ???
LEVERAGE ... CONTROL ... POWER ... that's why. This looks like
the lead-off in a federal move to seize unprecedented authority
over the ENTIRE banking sector.
Good bank, bad bank, OK bank ... makes no difference. I think
they want them ALL under the thumb, ALL beholdin' to Uncle Sam,
ALL unable to refuse govt micromanagement, ALL serving the same
political purposes, marching to the same political tune, praising
Uncle Sam Obama whether he's doing good or not.
When you take the federal dime, the Fed OWNS yer ass.
But in THIS case, it's more like a forcible assault by the
Unk Obama dressed as the Bailout Enema Bandit ..... cash UP
yer wazoo whether you like it or not !
Beware. There are larger machinations in motion here than a
mere merciful 'bailout' of sinking banks. The term "TAKE-OVER"
needs to be considered instead.


what is happening to our world now?
the government are giving out money to banks that do not need any financial aid at all
and instead of returning the money, the bank used it to party?
what is going on to our government and our world?
Where did the checks and balance system go?
How come the other two branches didn't stop this from happening?
hopefully something like this won't happen again