Define Radical vs. Reasonable
Tax-Cheat & Treasury Secretary Timothy Geithner, formerly of Wall Street, has an interesting idea of what constitutes “radical” power for his office. In Geithner’s view, it is not radical to give him undefined and, by virtue of that, unlimited abilities to seize any businesses of undefined and, therefor, unlimited size for … wait for it … undefined (read: unlimited) reasons.
No, I did not make this up. See the Washington Post.
Geithner, though, apparently finds it ridicuolus to even consider banning “Naked Credit Default Swaps“, an instrument that may have contributed to our financial meltdown -and, for which he has forced the 57% of Americans who pay Income Tax to pay out their bleeding-noses- despite the fact that this is something that is actually within the existing legal authority of Geithner’s fiefdom.
Why use exisitng legal authority when you can make one up, out of thin air? Because you want more power.
