Tuesday, March 24, 2009

Geithner Seeks Unprecedented Power to Seize Businesses

The borders between the federal government and private enterprise are being rapidly erased.

From Fox News:

Treasury Sec. Timothy Geithner asked Congress Tuesday to give the White House unprecedented powers to seize large insurers, investment firms and hedge funds, leaping beyond its present authority to seize only banks.

Geithner argued for such authority during the House Financial Services Committee's hearing on the handling of bonuses paid to executives at American International Group [AIG].
Read it all.

In the name of saving the economy, the Obama Administration is seizing the economy. The financial crisis is being used as an excuse to convert the nation to socialism as rapidly as possible, before the public realizes it's even happening.

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