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Overnight Open Thread

1015
godfrey3/24/2009 8:22:13 am PDT

From the Bushitler Files:

The 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.

There would be rioting in major cities if Bush tried this.