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Debt Relief – Insolvency – Bankruptcy Information » Insolvency » Obama Finance Bill Will Allow Seizure of Companies? right?

Obama Finance Bill Will Allow Seizure of Companies? right?

Barack Obama has taken the United States one more giant step towards socialism by ramming through the Senate his financial regulation bill.

The bill authorizes the secretary of the Treasury — a political appointee — to seize any financial company (bank or nonbank) simply because, in his opinion, it is too big to fail and in danger of insolvency. Does this totally undermine small businesses?

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4 Responses to "Obama Finance Bill Will Allow Seizure of Companies? right?"

  1. Summerisnear says:
    Right that’s why they are screaming AHHHHHHHHHHHHHHHHH
  2. jack w says:
    You seem to have the correct facts.
  3. JEFF S says:
    Yes this has all happened before and did not work and it won’t work this time either.
  4. lilly4 says:
    Yes and a lot more corruption and take overs,

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