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U.S. Seeks Expanded Power to Seize Firms U.S. Seeks Expanded Power to Seize Firms
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Old 03-24-2009, 12:30 PM
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U.S. Seeks Expanded Power to Seize Firms
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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.
U.S. Seeks Expanded Power to Seize Firms
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