Monday, Oct 24th

Last update05:20:13 AM GMT

You are here News Congress Geithner to Ask Congress for Broad Power to Seize Firms

Geithner to Ask Congress for Broad Power to Seize Firms

E-mail Print PDF

The Obama administration will ask 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, White House spokesman Robert Gibbs said this morning.


Most Recent Related Stories...

Sen. Elizabeth Warren blasts a new target

elizabeth warrenSen. Elizabeth Warren, D-Mass., sent a letter Friday to President Obama, urging him to replace Mary...

U.S. House panel slams former NSA contractor Snowden

SnowdenA U.S congressional intelligence committee on Thursday issued a scathing report accusing former National Security Agency...

Congress rejects Obama veto of 9/11 bill; first override of his presidency

9/11 veto overridden by CongressThe House and Senate voted Wednesday to reject President Obama's veto of legislation allowing lawsuits against...

Senator: Investigate Trump Model Agency

Senator Barbara BoxerSen. Barbara Boxer (D-Calif.) is calling on federal authorities to investigate Trump Model Management for alleged...
America's # 1 Enemy
Tee Shirt
& Help Support!
TVNL Tee Shirt
Conserve our Planet
& Help Support!
Get your 9/11 & Media
Deception Dollars
& Help Support!
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!