TheRealMafoo on 15 June 2009
Millennium said:
The government has had this power for years: all it has to do is revoke a corporation's charter. It's almost never actually used -more's the pity- but this wouldn't actually represent an increase in power. |
"The Government" and the Executive Branch based on there discression are two completly diferent thing
The Government can not revoke Bank of America's charter without a shit storm of political mess, along with a fight all the way up to the supreme court. If what this sounds like passes, Obama and his team can revoke it with zero recourse.
