When Jefferson told us that the banking institutions would be “more dangerous than standing armies,” he had no way of foreseeing the TARP treachery that bankers have pulled off with $800 billion of taxpayers’ money. But in 2008, Obama saw the beginning of that treachery when he watched America’s most powerful bankers grovel like pathetic paupers begging for handouts. They had been piggish, incompetent, sociopathic failures, and they needed welfare tax money.