Geithner Wants to Be Dark Overlord of the Financial Universe - The American Spectator | USA News and Politics
Geithner Wants to Be Dark Overlord of the Financial Universe
by

Tim Geither is appearing before Congress right now to ask for expanded authority that would allow him as Treasury Secretary to seize non-banking financial institutions such as insurance companies if he decides that they pose a systemic risk to the economy. Geithner is arguing that the AIG bailout would have gone smoother if the government also had the option of simply seizing the company and winding down the assets. But this is the classic slippery slope in which the solution to incompetence by the government is yet more government and in this case, ever increasing powers for a Treasury Secretary who hasn’t been able to handle what he has on his plate so far.

Sign Up to receive Our Latest Updates! Register

Notice to Readers: The American Spectator and Spectator World are marks used by independent publishing companies that are not affiliated in any way. If you are looking for The Spectator World please click on the following link: https://thespectator.com/world.

Be a Free Market Loving Patriot. Subscribe Today!