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  #1  
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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Old 03-25-2009, 03:58 PM
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This. Is. The. Worst. Idea. Ever.
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Old 03-25-2009, 04:19 PM
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Welcome Comrad Geithner!
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Old 03-25-2009, 04:39 PM
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Welcome Comrad Geithner!
No shit.
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Old 03-25-2009, 04:44 PM
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Buy your decal now


I'm convinced part of Obama's agenda is to degrade the dollar and Capitalism to a point at which Socialist ideals seem the only feasible path. The central bank of China yesterday asked to formally leave the USD standard and create a global currency because they fear the spending in the US.
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Old 03-25-2009, 04:55 PM
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Seriously, this sort of looks like intent disguised as ineptitude.
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Old 03-25-2009, 05:20 PM
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It's crossed my mind, make changes that create a self fulfilling prophecy.

The founding fathers are spinning in their graves.


Quote:
Originally Posted by Wagner
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I'm convinced part of Obama's agenda is to degrade the dollar and Capitalism to a point at which Socialist ideals seem the only feasible path. The central bank of China yesterday asked to formally leave the USD standard and create a global currency because they fear the spending in the US.
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Old 03-25-2009, 05:23 PM
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It's crossed my mind, make changes that create a self fulfilling prophecy.

The founding fathers are spinning in their graves.
I just said that to a buddy of mine this morning. Jefferson would laugh at us all.
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Old 03-25-2009, 05:28 PM
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They were a pretty conservative bunch - this would be killing them.
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Old 03-25-2009, 04:58 PM
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Now they have also created a "tax group" to review the entire US tax code. TRY A FLAT TAX! You would almost guarantee larger revenue by limiting to almost null deductions. While at the same time lessening the % almost EVERYONE pays.
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We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.

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