{"id":12,"date":"2009-03-24T11:00:28","date_gmt":"2009-03-24T11:00:28","guid":{"rendered":"http:\/\/northwestvets.com\/blog1\/2009\/03\/24\/geithner-asks-congress-for-broad-power-to-seize-firms\/"},"modified":"2010-02-04T15:40:22","modified_gmt":"2010-02-04T23:40:22","slug":"geithner-asks-congress-for-broad-power-to-seize-firms","status":"publish","type":"post","link":"https:\/\/northwestvets.com\/blog1\/geithner-asks-congress-for-broad-power-to-seize-firms\/","title":{"rendered":"Geithner Asks Congress for Broad Power to Seize Firms"},"content":{"rendered":"

Geithner Asks Congress for Broad Power to Seize Firms<\/strong><\/a> – The Washington Post<\/em> – 24 Mar 09
\n<\/em><\/strong><\/p>\n

“…The Treasury secretary could act only after consulting with the president and getting a recommendation from two-thirds of the Federal Reserve Board, according to the plan. <\/strong><\/em><\/p>\n

” ‘As we have seen with AIG, distress at large, interconnected, non-depository financial institutions can pose systemic risks just as distress at banks can,’ Geithner said in prepared testimony submitted to the committee. ‘The administration proposes legislation to give the U.S. government the same basic set of tools for addressing financial distress at non-banks as it has in the bank context’…” <\/strong><\/em><\/p>\n

Newsletter comment<\/span>: WHOA! Where does this end<\/span>? Could the Feds, under this proposal, take over any corporation they deem a threat to our economy? Such as oil, food, natural gas, airlines, automobile production, the list is endless!<\/strong><\/p>\n

We encourage all<\/span> to contact their representatives (I have faxed my\u00a0Senators)\u00a0and urge them to move VERY slowly and cautiously on such broad legislation!<\/strong><\/p>\n

Roger Young<\/strong><\/em><\/a> – co-editor<\/strong><\/p>\n

Geithner says new \u2018rules of the game\u2019 required<\/strong><\/a> – MSNBC<\/em> – 26 Mar 09<\/strong><\/p>\n

U.S. plans key role in naming GM board<\/strong><\/a> – MSNBC<\/em> – 1 Apr 09
\n<\/em><\/strong><\/p>\n

“…Some critics characterize the White House’s removal of Wagoner as a move toward European socialism. In addition to forcing leadership changes at GM, President Obama on Monday said that Chrysler must strike a partnership with Italian automaker Fiat, and that GM must further cut its already shrunken workforce and product lines…” <\/strong><\/em><\/p>\n

Automakers Get Behind Obama Efficiency Plan, Brace for Tough Trade-Offs<\/strong><\/a> – FoxNews<\/em> – May 19, 2009<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Geithner Asks Congress for Broad Power to Seize Firms – The Washington Post – 24 Mar 09 “…The Treasury secretary could act only after consulting with the president and getting a recommendation from two-thirds of the Federal Reserve Board, according … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-12","post","type-post","status-publish","format-standard","hentry","category-alert"],"_links":{"self":[{"href":"https:\/\/northwestvets.com\/blog1\/wp-json\/wp\/v2\/posts\/12","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/northwestvets.com\/blog1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/northwestvets.com\/blog1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/northwestvets.com\/blog1\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/northwestvets.com\/blog1\/wp-json\/wp\/v2\/comments?post=12"}],"version-history":[{"count":3,"href":"https:\/\/northwestvets.com\/blog1\/wp-json\/wp\/v2\/posts\/12\/revisions"}],"predecessor-version":[{"id":339,"href":"https:\/\/northwestvets.com\/blog1\/wp-json\/wp\/v2\/posts\/12\/revisions\/339"}],"wp:attachment":[{"href":"https:\/\/northwestvets.com\/blog1\/wp-json\/wp\/v2\/media?parent=12"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/northwestvets.com\/blog1\/wp-json\/wp\/v2\/categories?post=12"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/northwestvets.com\/blog1\/wp-json\/wp\/v2\/tags?post=12"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}