Tuesday, March 24, 2009

Obama Seeks Expanded Power to Seize Firms

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.

read more | digg story

No comments:

8-27-2026

The Social Security benefit cliff is here... Wind projects replaced by $900 million payday to Trump donor's firm... MAG: The Campaign to...