Tuesday, March 24, 2009

Third World Tactics in America

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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