As Brian observed earlier, the big story of this morning’s testimony from Treasury Secretary Tim Geithner and Fed Chairman Ben Bernanke was their request for broad governmental powers to seize non-bank financial institutions — effectively paving the way for receivership in case another AIG-sized firm heads for collapse. But House Majority Leader Steny Hoyer (D-MD) isn’t prepared to hand over those powers to Treasury without getting more questions answered.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=144604