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Move Over Karl Marx - U.S. Seeks Expanded Power to Seize Firms - washingtonpost.com »
Posted By pc25 9 months, 1 week ago in NewsThe 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.
Read Full Story at washingtonpost.com »
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antibrainwasher9 months, 1 week ago
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Predictably, the arsemonkeys that created this financial collapse are whining and crying like the cowards they are, regurgitating the lies and misinformation and ignorance and swiftboating from their masters at Faux Noise and Drug Lamebaugh, describing what is necessary to clean up the giant pile of crap left by 8 years of unregulated greed and rape and murder by the morons you elected as socialist.
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You morons don't even understand the political system of the country you live in, unrelenting loyalist brown shirts for the rich, bending over for power and wealth every time without exception, much less understanding what socialism is, or the casino capitalism cowboy super rich elitism you espouse. Morons. -
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capecoralMComment removed: Retracted by user
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icono19 months, 1 week ago
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K Marx would love this one.
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Welcome to the Collective Comrades and remember; the govt is only doing this because you, the exploited proletariat, deserve the best from your govt, and protection from those evil bourgeois capitalists, because the govt loves you, the proletariat, and only you. -
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antibrainwasher9 months, 1 week ago
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Exactly wrong as ususal, and as usual, short term thinking based on cowardice and brainwashing.
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8 long years of republican casino capatalism and you want your own pile of crap cleaned up in less than 3 months, or your going to whine and swiftboat like a baby.
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pc259 months, 1 week ago
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right now this all financial related, investment firms, hedge funds, and institutions that are quasi banks. It is the beginning a dangeroug precedent though. Where does it end what are the safeguards of the Government getting involved in any business small or large.
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antibrainwasher9 months, 1 week ago
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Interesting you are loyal to the casino hedge fund owners who created this ponzi scheme you salute ever day in your con life, and not loyal to the people who are trying to fix your pile of steaming con crap load you voted to produce.
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nostalgia9 months, 1 week ago
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This is the largest power grab by the US govt in the history of this country
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Don't you wonder about the timing of this Geithner bomb shell - at a Congressional hearing on the AIG bonuses?
Geithner makes this announcement at the same time the govt is claiming it wants a public/private partnership on buying up toxic assets
Think they are going to get much cooperation from the private sector when Geithner makes a proposal like this?
Ever wonder if they really don't want private firms to invest in the toxic assets?
Certainly would give them a convenient excuse to nationalize the banks, wouldn't it
The Feds could claim they tried to get financial institutions involved but were unsuccessful so were left with no choice but to nationalize the banks
Since these toxic assets are also on the books of many insurance companies, hedge funds etc, it would also give them the chance to grab these private companies too
Seems all too convenient to me-
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antibrainwasher9 months, 1 week ago
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No moron, the largest economic redistribution and power grab ever in the history of the planet took place during the adminsistration of the villiatge idiot you voted for, when the rich raped the middle and working classes.
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We are correcting this back to the way it was, and listen the the loyalist righht wing cowards wining like the brainwashed babies they are.
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antibrainwasher9 months, 1 week ago
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No, moron, we are saving ourselves form the tyrrany of the super rich raping this country, you know, your remember, the regime you voted for.
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What cowardice on display here, none of you yellow bellied swiftboating cowards will admit you caused the collapse of the economy.
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rally-monkeyComment removed: Abusive
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rally-monkeyComment removed: Abusive5 Replies
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tadair9199 months, 1 week ago
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What amazes me about the left is that they are just like the right. (Bear with me, while I insult everybody on this thread.)
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This is like watching the World Wrestling Federation.
It was just about 5 or 6 years ago, when the vast majority of the GOP spat reasons why we should faithfully invade Iraq without question. Just about every possible justification was cited. (Mostly, we cited fear and safety and blamed the left for being unpatriotic and spineless.)
Today, it is the left that justifies Marxism in the name of "safety." It is the left that faithfully tows the party line without question. Mostly, they lay blame with Bush/Cheney's totalitarian queue for getting us in this mess, but then foolishly believe the answer must be more totalitarianism.
The parallels between the dialogue then and the dialogue now are truly amazing.-
prophyporcritesComment removed: Spammer, Hard Banned
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tadair9199 months, 1 week ago
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like the Patriot act which is a dense 100 pages, was voted on 5 minutes after presenting it, and supposedly drafted in response to 9/11, but released on 9/18.
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like bush/cheney's bailouts which was shoved down our throat that granted the federal reserve dictatorial powers over controlling inflation and banking institutions?
like this latest economic recovery stimulus boondoggle, which was 1100 pages, but supposedly a response to the economic downturn.
naw,
couldn't have been planned. -
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dunkirk9 months, 1 week ago
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ROFLMAO, yeah or the ones you tried to warn us about that he was next to when he was born. Too bad your usual blinders are always on and you missed how Obama was always recognized as a hard worker who had integrity. Oh wait yeah that word integrity, kinda lost on the right when the two biggest forces they had were a draft doging AWOL coward and a druggy who sent his maid out to get his fix for him.
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ind069 months, 1 week ago
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Hmmm... Could Klarissa be instuting... RULE 12: Pick the target, freeze it, personalize it, and polarize it." Cut off the support network and isolate the target from sympathy. Go after people and not institutions; people hurt faster than institutions. (This is cruel, but very effective. Direct, personalized criticism and ridicule works.)
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coolslow9 months, 1 week ago
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I have a no-cost, easily implemented suggestion to Obama and Geithner for stimulating the economy. Stop scaring the hell out of the private sector with this talk of "taking over" companies that look like they are in financial trouble, don't create an "executive compensation czar" to determine private sector salaries, don't single out individuals by name in Congress, and don't send busloads of Acorn-istas to demonstrate in front of their houses. If you want to bring them into a public-private partnership to buy toxic assests, don't threaten them with confiscatory taxes and demonize them for their profit motive. Stop referring to capitalism as a failed system. If they can't do that, at least be neutral.
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Can't they see that every time they open their mouths in public the markets drop? -
moonstream1Comment removed: Spammer, Hard Banned
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Justice4All9 months, 1 week ago
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We have no choice but to give Obama a chance. It took Bush and Co 6 years to screw things up and it usually takes longer to fix things than to break them.
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If Obama can turn things around in 4 years I will be very impressed. This is a huge mess he is trying to fix. -
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FairNBalanced9 months, 1 week ago
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-- Boston Herald -- One pollster puts Obama's approval/disapproval around 50-50: "The honeymoon is over, a national poll will signal today as President Obama's job approval stumbles to about 50% over the lack of improvement with the crippled economy. ... Pollster John Zogby said his poll out today will show Americans split on the president's performance. He said the score factors out to 'about 50-50.' "
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ind069 months, 1 week ago
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RULE 12: Pick the target, freeze it, personalize it, and polarize it." Cut off the support network and isolate the target from sympathy. Go after people and not institutions; people hurt faster than institutions. (This is cruel, but very effective. Direct, personalized criticism and ridicule works.)
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Dionys9 months, 1 week ago
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The thing that makes me laugh the most is that on one thread you have those jackasses PC25, Red(Rocket)J, Doggie2007 and KlarissiatheKlarvoiant calling Obama "the Messiah" while on other threads they call him Hitler and other threads, Marx.
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Schitzophrenia abounds.-
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pc259 months, 1 week ago
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nice crusader cross bro...........
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whats funny is that this article is from the washingpost mot exactly the champions of the capitalist system. they are the ones bringing this up. you can not come up with one argument other than your usual drivel of attacking and insulting. You are lame, pathetic, weak mined, arrogant, and ignorant. You attack the messenger because you don't have FACT ONE to counter the FACTS in the article. Go buy another OBAMA book. The guy is laughing all the way to the bank because of lame, frustrated, dissatisfied with themselves, naive, insignificant tools such as yourself. Funny how you guys used to call Bush- Hitler......now the shoe is on the other foot and you cant take it.
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