Tuesday, March 24, 2009

And So It Continues

The news just gets worse every day.

http://www.washingtonpost.com/wp-dyn/content/article/2009/03/23/AR2009032302830_pf.html

U.S. Seeks Expanded Power to Seize Firms

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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