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…


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