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Geithner Seeks Broad Power To Seize Firms
CBS News ^
| 3/24/09
| Binyamin Appelbaum, David Cho and Debbi Wilgoren.
Posted on 03/24/2009 6:42:46 AM PDT by RangerM
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.
(Excerpt) Read more at cbsnews.com ...
TOPICS: Breaking News; Business/Economy; Constitution/Conservatism
KEYWORDS: agenda; authority; bho44; communism; first100days; geithner; powergrab; resolution
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Scared yet?
1
posted on
03/24/2009 6:42:47 AM PDT
by
RangerM
To: RangerM
Very much scared. Funny thing is all of the libs were afraid that George Bush was taking too much power.
2
posted on
03/24/2009 6:44:18 AM PDT
by
quikdrw
(Life is tough....it's even tougher if you are stupid.)
To: RangerM
Scared yet?Yes.
You know what's next, right? Seizure of the means of energy production. That's the whole point behind the carbon cap & trade scam - bankrupt energy producers and consumers, and they seize the means of energy production to "save" us from a government-created problem. That's exactly what happened with our banking system.
3
posted on
03/24/2009 6:45:40 AM PDT
by
Zeddicus
To: RangerM
I keep asking this question on other threads devoted to this but nobody has answered: Why in the world are our corporate heads and business leaders just sitting by and watching this happen without even a murmur of complaint?
Once upon a time, I would have thought that even the suggestion of the nationalization of our industries and what would ultimately amount to a government takover of the means of production would have caused rioting in the streets, or at least in the boardrooms. But now? Crickets.
4
posted on
03/24/2009 6:47:34 AM PDT
by
livius
To: RangerM
I am past scared.
Bring it on, already. Its past time to water the Tree of Liberty.
5
posted on
03/24/2009 6:47:37 AM PDT
by
clee1
(We use 43 muscles to frown, 17 to smile, and 2 to pull a trigger. I'm lazy and I'm tired of smiling.)
To: RangerM
We have come to seize your company....
And many people want these people to nationalize our banks. The power that would give the government would be complete control of all businesses.
6
posted on
03/24/2009 6:48:57 AM PDT
by
Always Right
(Obama: more arrogant than Bill Clinton, more naive than Jimmy Carter, and more liberal than LBJ.)
To: RangerM
I’m Hugo Chavez and I support this message.
To: RangerM
Terrified. There is no excuse for any of this to even be mentioned in polite society.
This ‘national emergency’ is roughly on par with 1982 - and Reagan solved it without nationalizing anything. It is obscene for this to even be discussed.
8
posted on
03/24/2009 6:50:07 AM PDT
by
Mr Rogers
(Obama - Making Jimmy Carter look like a giant!)
To: RangerM
(The Ballad of Timothy Geithner) a Five Time Tax Cheat.....how many does that make that Obama has appointed to govern us? Duty and honor? American politicians seem to have evolved into a far lessor person than their grand parents..........
9
posted on
03/24/2009 6:51:23 AM PDT
by
yoe
To: livius
"Why in the world are our corporate heads and business leaders just sitting by and watching this happen without even a murmur of complaint?" They have been complaining. It's just that the news media isn't bothering with them.
10
posted on
03/24/2009 6:51:33 AM PDT
by
avacado
(Impeach the Teleprompter!!!)
To: RangerM
11
posted on
03/24/2009 6:51:39 AM PDT
by
duckman
(Jesus I trust in You. Mary take over)
To: Last Dakotan
You beat me to it. Why don’t we just bring Chavez over and be done with. To heck with half steps. Price controls soon.
To: livius
I keep asking this question on other threads devoted to this but nobody has answered: Why in the world are our corporate heads and business leaders just sitting by and watching this happen without even a murmur of complaint?Because at the highest levels of multinational business, the leaders there are in a symbiotic relationship with government. Why do you think the market soared 500 points yesterday on news that the American taxpayer would be forced to shoulder the banksters' failure?
13
posted on
03/24/2009 6:55:17 AM PDT
by
Zeddicus
To: RangerM
What’s the difference between 0bama and Chavez?
Waiting.......................................
14
posted on
03/24/2009 6:59:29 AM PDT
by
NTHockey
(Rules of engagement #1: Take no prisoners.)
To: livius
“I keep asking this question on other threads devoted to this but nobody has answered: Why in the world are our corporate heads and business leaders just sitting by and watching this happen without even a murmur of complaint?”
Because they are afraid.
Look at how they bullied AIG.
15
posted on
03/24/2009 6:59:31 AM PDT
by
autumnraine
(Freedom's just another word for nothing left to lose- Kris Kristoferrson VIVA LA REVOLUTION!)
To: RangerM
I wonder if Buffet is happy with his HopieChangie President?
16
posted on
03/24/2009 6:59:49 AM PDT
by
Chgogal
(Don't look at me, Comrade. You elected him, our very own President Mugabe!)
To: NTHockey
17
posted on
03/24/2009 7:00:21 AM PDT
by
autumnraine
(Freedom's just another word for nothing left to lose- Kris Kristoferrson VIVA LA REVOLUTION!)
To: RangerM
“In the name of the people..”
18
posted on
03/24/2009 7:00:29 AM PDT
by
sheik yerbouty
( Make America and the world a jihad free zone!)
To: autumnraine
I keep asking this question on other threads devoted to this but nobody has answered: Why in the world are our corporate heads and business leaders just sitting by and watching this happen without even a murmur of complaint?
Well, we stockholders are just sitting by doing nothing. We are not jumping up and complaining. We are letting this all happen with nary a complaint.
19
posted on
03/24/2009 7:02:38 AM PDT
by
Chgogal
(Don't look at me, Comrade. You elected him, our very own President Mugabe!)
To: avacado
That’s possible. I think we need some important figure from business or even politics to stand up and “just say no,” somebody who’s too important to be ignored by the media. But I can’t think who that could be.
20
posted on
03/24/2009 7:02:53 AM PDT
by
livius
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