Bill permits the government to launch an unfriendly takeover of any financial institution it wishes

Obama’s terrible powers

By Dick Morris - 04/13/10 06:47 PM ET
Comments 25

If the financial regulation bill that passed the House last year becomes law, President Obama and his Treasury Secretary will acquire the right to take over any financial institution they wish to, provided that, in their sole opinion, it is both “too big to failâ€