This what Fidel Castro did circa 1950:, via Steve Gilbert, Sweetness & Light:
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.
It worked so well for Cuba:
GDP – per capita (PPP):
$12,700 (2008 est.)
Evidentlly Barack Obama must have paid as much attetntion in History class as he claims to paid during Reverend Wright’s sermons.
Tags: amp light, Barack Obama, collapse, Congress, Cuba, economy, Fidel Castro, gdp, gdp per capita, hedge funds, investment firms, reverend, seizure, sermons, Steve Gilbert, Sweetness, treasury secretary, unprecedented powers