Saturday, March 28, 2009

Treasury Sec. Geithner In NY Urges Congress To Pass Confiscatory Law Quickly


Treasury Secretary Timmy Geithner, urges Congress to move swiftly, providing him with new authority to confiscate private businesses.

On Thursday I wrote here that Rep. Don Manzullo, R-IL asked Geithner if he realized how radical his proposal is?

Earlier in the week, Rep. Michele Bachmann, R-MN during testimony by Geithner, asked the Treasury Secretary, "what is the Constitutional authority which provides Treasury to engage in the practices it has undertaken with AIG and others. Unable to answer the question, Timmy Geithner, fumbled around for an answer.

Geithner Urges Congress To Act Quickly on Confiscatory Law