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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (118023)	3/20/2009 12:30:13 PM
From: GuinnessGuy	Read Replies (1) of 132070

Mike, Looks like the gov't is about to do an about-face here...or is trying to leave that option more open. I think they may be realizing that they are heading down the same path that Japan did way back when(and has never recovered). US Is Rushing to Get More Control Of Financial Giants Friday March 20, 2009, 8:36 am EDT The White House and Congress are rushing to write legislation that allows the federal government to take over and unwind the businesses of a large financial institution-such as AIG (NYSE:AIG - News)or Citigroup (NYSE:C - News)-the way it now can with commercial banks, CNBC has learned.[SNIP] finance.yahoo.com

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