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Secretary Geithner needs sweeping powers to do all kinds of things like take over financial institutions that the government thinks might possibly need taking over. So he needs to move fast … faster than fast. No time to look this deal over … quick. First this on Wednesday Allowing the Treasury Department to take over…
Anything that creates a new government bureaucracy is a bad idea in my mind. The feds have trouble getting the ones they have to work properly. No where has that been seen better than in the financial meltdown.