Well, Obama and the Senate Democrats (and I include Snow, Collins and Brown in that label) yesterday wiped their collective asses with the Constitution. From the NY Times:
Where does the government get any authority to dismantle a troubled company? It sure as hell isn't in the Constitution. Who decides when a company is "troubled"? (Answer: the guy who can't figure out TurboTax) This country and our economy is so screwed with this bunch.
It creates a council of federal regulators, led by the Treasury secretary, to coordinate the detection of risks to the financial system, and it provides new powers to constrain and even dismantle troubled companies.
Where does the government get any authority to dismantle a troubled company? It sure as hell isn't in the Constitution. Who decides when a company is "troubled"? (Answer: the guy who can't figure out TurboTax) This country and our economy is so screwed with this bunch.
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