Treasury Outlines Details of Bill for New Privatization Powers

Business | 207575 hits | Mar 25 9:38 am | Posted by: tritium

The Treasury Department Wednesday revealed key details of a draft bill it plans to send to Congress this week to give the Treasury unprecedented emergency powers to wind down faltering nonbank firms such as American International Group Inc. (AIG).

Comments

by tritium
Wed Mar 25, 2009 4:48 pm
You see where this is heading, first the Gov't can start privatizing companies that are failing and may impact the economy, AIG, GM and so on..

Next the ports, oil industry, drug companies if they continue to over charge for medication... (Sounds like Venezuela does it?)

Even Sweden is saying to the United States "your scaring us" you are becoming to socialized.

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