(CBS/AP) The administration wants Congress to act quickly on legislation that would give it sweeping new powers to seize financial firms whose collapse could jeopardize the U.S. economy, Treasury Secretary Timothy Geithner said Wednesday.
In a speech in New York, Geithner said the country should never again be faced with having to choose between a meltdown of the financial system and massive taxpayer bailouts. Read more here.
I leave you today with this definition. Just something to think about.
Socialism: any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods.
Subscribe to:
Post Comments (Atom)
Posts
0 comments:
Post a Comment