Washington Post: Geithner to Ask Congress for Broad Power to Seize Firms

Washington Post ^ | March 24,2009 | Binyamin Appelbaum, David Cho and Debbi Wilgoren

[Deo volente]

"We need resolution authority to go in and be able to change contracts, be able to change the business model, unwind what doesn't work"...

Well, so much for economic freedom and the Law!

[mojitojoe]

Now the real power grab begins. POS wants to waste no time. He knows his poll numbers are dropping, his support is fading and he has little time to achieve his goal to take America down.

[mojitojoe]

The forcing our children to perform community service was just a proposal until the House passed it. Now if the Senate passes it and the President signs it, it’s gone way beyond ‘just a proposal’.
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They can’t force children to do anything. The parents make that choice. What do you think they will do? Arrest 50 million or more Americans? They hope that people will allow them to rule. I would refuse and would not back down no matter what they threatened.

[dennisw]

Geithner is an idiot. He hasn’t even got any of his 23 deputy Treasury officials appointed. His TALF is more robbery of the taxpayers.

Don;t give this pipsqueak any broad powers

[Red Boots]

100 percent unconstitutional.

Like they give a f**k !

[phillyfanatic]

This is a pure power grab which reminds me of how Mussolini took over Italy in the 1920’s. The idea was to become socialist but allow some free enterprise and make it a corporate state under complete govt. control. This is Obama’s plan. It is worse because it is not only socialism but pacifism on an international scale. This is tyranny. But, where are the Pubs? Why no opposition to this power grab? They just seem mesmerized and wussy when it comes to opposing this naif in the WH. And make no mistake. If this naif were not black, the Pubs would not be so PC in their criticism.