Obama seeking power to expand seizure of U.S. firms
Posted: March 24th, 2009, 1:29 pm
http://www.washingtonpost.com/wp-dyn/co ... 30_pf.html
Sounds like Obama is taking pages from the Bush administration's playbook.
What a bunch of crap!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.
Sounds like Obama is taking pages from the Bush administration's playbook.