This article has got to sort of send a shiver up your spine. I mean, how many more signs do Obamaprompter -lovers need to see what’s really happening here?
In a nutshell, Obama is asking Congress to let Tim Geithner have “unprecedented powers” to seize financial companies. Currently, the government has the power to seize banks, but this new authority would allow them to seize, you know, pretty much anything that they write into their new definition of “financial.”
But before you get all worried, let me reassure you – Timmy could only go after companies after consulting with Obama and getting the ok from 2/3 of the Federal Reserve Board. So, you know, we have that.