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ALERT!! Administration and Fed look for more power to sieze firms!!

Submitted by kentukblue on Tue, 03/24/2009 - 09:08
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No ifs, ands or buts about it. This one is coming down the line next week. On both the Post's and MSNBC's frontpage.

"The Obama administration will ask 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, White House spokesman Robert Gibbs said this morning."

Need I say more? Lets get the calls and letters to our congressmen ready. And Please read the whole article and someone Please throw this up on the front page...it demands attention.

http://www.washingtonpost.com/wp-dyn/content/article/2009/03...

or

http://www.msnbc.msn.com/id/29847658

»

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Gheitner gonna bail out his

Submitted by Gmartine on Tue, 03/24/2009 - 09:14.

Gheitner gonna bail out his buddies.

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http://www.meetup.com/RP2012GrandJunctionCO

Yeah...but whats scary is...

Submitted by kentukblue on Tue, 03/24/2009 - 09:20.

Im not even concerned about that. This proposed legislation sounds like its going to expand the government and the Feds powers into the private sector like never before!