Geithner Asks Congress for Broad Power to Seize Firms

From Washington Post.com (March 24):

Treasury Secretary Timothy F. Geithner [tax cheat] today told Congress the administration will seek unprecedented power to seize non-bank financial companies whose collapse could jeopardize the economy, a move Geithner said would have allowed the government to bail out insurance giant American International Group at a far lower cost to taxpayers. The government at present has the authority to seize only banks. [Darn! That's not enough power! Obama thinks to himself.] [read more]

Yes we can take over most of the economy! Can you say Hugo Chavez? I don't hear about people flocking to Venezuela (other than far-left celebrities) since Chavez got into power. Let's call this broad power what it is (even though Dems don't want to admit it): Socialism. What is the exit strategy? When does the gov't takeovers stop?

The Banking Queen, Barney Frank says we need a system like FDIC for all financial services. Swell. Who's next? The insurance companies? (Wait a second. I forget they are villains.) The pharmaceutical companies? Again the villains. Oil companies? Nope. Then again the Left could take over those companies and them into their image. Makes you feel all warm and fuzzy don't it? Not that I want any of those companies to be bailed out. I don't want any company to have special treatment from the gov't. It is not their responsibility.

I noticed in the video that the wacky far-left group Code Pink was in the background with their signs. How sweet. You can always count on them to get attention.