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"He could have taken them into receivership, kept them running and gradually unwound their balance sheets."

How could he have done that? The US government does not currently have that authority - although Obama has been asking for it.

Take a $1T+ monster like Citibank and explain to me the method that Obama could have used to take it into receivership - especially as the bailout of Citi happened under Bush.

by rootless2 on Sun Dec 20th, 2009 at 07:55:18 AM EST
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