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Federal Government Takes First Steps To Nationalize Other Companies

March 24, 2009

This is absolutely frightening. This article in the Washington Post says the Treasury Secretary is seeking broader powers to be nationalize other financial companies such as hedge funds, investment companies and insurance companies. Currently the Treasury Department only has the authority to nationalize banks. 

Friends, this is an absolutely unprecedented act. As if the current destruction of the strongest economy in the world isn’t enough, the same people will now be able to destroy it faster and make it almost impossible to rebuild. I just don’t know how this can be prevented short of actual physical uprising. I’ve been looking for someone who has the ideas on how to fix this before the curtain falls…but I haven’t seen any way out, since we has a country are getting what we asked for by electing these people.

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