Still Slipping

Mr. Geithner's proposal, which could be modified amid congressional debate, would allow the Treasury and FDIC to jointly determine—after consulting with the Federal Reserve—if a company needed to be seized.

WSJ

I really cannot believe we are even considering this. We may not be a pure capitalist society, but we are a country with capitalist roots, and a free market core. The fact that we have an administration that is actually suggesting giving giving the government the power to take over private firms scares the crap out of me. If we keep going down this path, "socialism" is going to be an all too common term.