The power that the Obama Administration is requesting is exactly the what we needed months ago when AIG's problems first surfaced. Just like the government goes in and takes over Banks. We could have gone in canceled outlandish derivatives and bonuses and sold off the pieces. saving us $180 billion to prop up the company.
Do the republican believe the FDIC is a power grab when it takes over insolvent banks? They seem to be preoccupied in being against Obama more then they are for a stable financial system.