The Slippery Slope
Tuesday, March 24, 2009 at 07:21AM U.S. Seeks Expanded Power to Seize Firms
Goal Is to Limit Risk to Broader Economy
By Binyamin Appelbaum and David Cho
Washington Post Staff Writers
Tuesday, March 24, 2009; A01
PLEASE read the above link. If you aren't paying attention yet, you better start paying attention quick or your free market, capitalistic nation will be merely a fond memory.
Financial institutions today; the Big Three automobile manufacturers tomorrow. Maybe the "too big to fail" state of California after that. You think I'm joking? How many other 'we have to move quickly' initiatives that you never saw coming and never thought could happen have been pushed through since January 20th?
Call your representatives in Washington. Stay informed about what is going on! Write letters. TALK TO YOUR CHILDREN!
In the words of Treasury Secretary Timothy Geithner: we've got to move quickly to try and do this because, again, it's a necessary thing for any government to have a broader range of tools for dealing with these kinds of things
Remember, the same people who brought you the bail out are the same people who are going to determine what those kinds of things are. . .and what the broader range of tools will be. . .
Reader Comments (2)
Kim, you have no idea the nerve you have touched in me. :) I have been planning on writing on this very subject for weeks...and your post gave me the swift kick in the pants I needed. :) I even linked to you...so thanks.:)
Frightening stuff, Kim. Thank you for the information!!