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. -The Washington Post

"The essential characteristic of socialism is the denial of individual property rights; under socialism, the right to property (which is the right of use and disposal) is vested in 'society as a whole,' i.e., in the collective, with production and distribution controlled by the state, i.e., by the government. Socialism may be established by force, as in the Union of Soviet Socialist Republics - or by vote, as in Nazi (National Socialist) Germany. The degree of socialization may be total, as in Russia - or partial, as in England. Theoretically, the differences are superficial; practically, they are only a matter of time. The basic principle, in all cases, is the same." -Ayn Rand, The Monument Builders

"We believe that no government can exist in peace, except such laws are framed and held inviolate as will secure to each individual the free exercise of conscience, the right and control of property, and the protection of life." -Mormon Doctrine & Covenants 134:2



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