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Politics : Formerly About Advanced Micro Devices

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From: steve harris3/24/2009 8:55:19 AM
   of 1575202
 
The march to communism races on...

washingtonpost.com

U.S. Seeks Expanded Power to Seize Firms

By Binyamin Appelbaum and David Cho
Washington Post Staff Writers
Tuesday, March 24, 2009; A01

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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