U.S. Seeks Expanded Power to Seize Firms [SIZE=+2]U.S. Seeks Expanded Power to Seize Firms[/SIZE] It's like 'Gitmo' for the entire financial system.
I'm not sure I like it, seems like overkill.There will have to be some stringent rules, so some over-zealous gov't official doesn't run wild.
It's a trial balloon. This happens in Washington every day. I think someone needs a good nap, a long shit and a good fuck.
Gee Face... Government seeks power to seize firms that are on the brink of failure... for what purpose? Why, to SAVE them... and then sell them back into private hands. What is the matter with you conservative numbskulls? You chicken littles got us mired into two wars, and fucked up the entire wolrd economy with your hare brained 'theories' of economic freedom... And now that the government is back in the hands of those who believe Government can help... because the private sector has NO ALTERNATIVE SOLUTION... you are screaming and crying that Uncle Sam is gonna save private industry... Do try and find some kind of cogent position or policy to forward that has SOME relevance to the actual situation on the ground... cause right now, everything you say is akin to screaming FIRE! in the middle of a flood.