Hoyer Pushes Back Against Treasury

by Brien Jackson

In keeping with the observation that getting a nationalization plan through Congress might not be easy enough, at the moment, to enact the Krugman Plan, I see that, via TPM, Politico is reporting that House Majority Leader Steny Hoyer is already pushing back somewhat at the Treasury’s request for “emergency powers” allowing them to seize large financial/insurance companies like AIG.

In other words, it really is helpful to keep in mind that Congress really is, genarally, a complicated, stupid animal.