Incompetent, Bureaucrat Boobs To Take Over Failing Companies

So, are you also starting to despair at how little you are surprised by the ongoing news of this nation’s slide into communism?

From the Financial Times:

Democrats seek power over failing companies

US House Democrats will put forward draft legislation as early as Monday on how to regulate better and, when necessary, wind down the largest financial institutions – one of the thorniest areas of regulatory reform.  The draft law is expected to include a proposal giving the Treasury secretary the right to seize and wind up a failing company as long as he has the support of the US Federal Reserve Board and Federal Deposit Insurance Corporation…

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: