Washington Post: “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. The government at present has the authority to seize only banks.”
The Gang That Can’t Shoot Straight wants more power? The President who can’t even put together a Cabinet wants more power? Turbo-tax Timmy Geithner, the guy who can’t even pay his income taxes, wants the power to decide whether to seize privately owned companies? Are you freakin kiddin me?