• He said the Treasury Department now has the authority to block or seize any assets, accounts or securities under U.S.jurisdiction held by these organizations or anyone acting on their behalf.

    VOA: standard.2009.04.15

  • On Tuesday,Geithner told Congress that the government must have the authority to seize non-bank entities, arguing that massive destabilizing dangers can come from financial institutions - a lesson learned from the rescue of American International Group,or AIG, a giant insurer that received a $180 billion taxpayer bailout.

    VOA: standard.2009.03.25

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