I heard someone say it was unprecedented. Bullshit. It has a precedent. Just not in free country with a democracy. Hope and change? This is the change?
U.S. Seeks Expanded Power to Seize Firms - washingtonpost.com:
"The Obama administration is considering asking 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, according to an administration document."