This is something you would expect in Venezuela, not the USA.
U.S. seeks expanded power to seize firms
Goal is to limit risk to broader economy
updated 3:10 a.m. ET, Tues., March. 24, 2009
WASHINGTON - The Obama administration is considering asking Congress to give the Treasury secretary unprecedented powers to initiate the seizure of non-bank financial companies, such as large insurers, investment firms and hedge funds, whose collapse would damage the broader economy, according to an administration document.
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