Obama needs to be CROWNED!

http://www.washingtonpost.com/wp-dyn/content/article/2009/03/24/AR2009032401310.html?hpid=topnews

"The issue of excessive compensation extends beyond AIG and requires reform of the system of incentives and compensation in the financial sector," Geithner said.

http://www.cnn.com/2009/POLITICS/03/24/geithner.powers/index.html

"To achieve that goal, the administration and Congress have to work together to enact comprehensive regulatory reform and eliminate gaps in supervision. All institutions and markets that could pose systemic risk will be subject to strong oversight, including appropriate constraints on risk-taking."

http://www.cbsnews.com/stories/2009/03/24/politics/washingtonpost/main4887935.shtml?source=related_story

The Obama administration will ask Congress to give the Treasury secretary unprecedented powers to initiate the seizure of non-bank financial companies, such as large insurers, investment firms and hedge funds, whose collapse would damage the broader economy, White House spokesman Robert Gibbs said this morning.

The government at present has the authority to seize only banks.

"We need resolution authority to go in and be able to change contracts, be able to change the business model, unwind what doesn't work," Gibbs said on CNN in one of several morning television interviews aimed at promoting the administration proposal. "

http://www.law.cornell.edu/constitution/constitution.articlei.html

United States Constitution:

Article I
Section 10.

No state shall enter into any treaty, alliance, or confederation; grant letters of marque and reprisal; coin money; emit bills of credit; make anything but gold and silver coin a tender in payment of debts; pass any bill of attainder, ex post facto law, or law impairing the obligation of contracts, or grant any title of nobility.

I wonder how long it will be before Obama is crowned King of The United States? Obama and his administration have shown that they have absolutely no respect for The Constitution of The United States.

I also wonder how long it will be before the government nationalizes General Motors? I warned of this a while back...

Obama creating auto industry government takeover panel

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