Legislative Powers

Hm.  So not very long ago we had King George I.  I harumphed and grumbled loudly at his and his branch's power grabs and interesting view on executive authority under the Constitution.  I make no bones about that, nor do I pretend to be someone else or someone who generally believes that the power dispersion is set that way for a reason: checks and balances.  Duh, I know, but moving on.  

So here we are today with all manners of hubbub (bub) about the extensions of rights the Treasury is trying to make to encompass not only strictly banks but also other manners of financial institutions within their purvey.  I believe strongly that they have a right to do so, even if the laws set forth in regards to this in the 30's/40's did not necessarily allow them these privileges.  Perhaps it is that I believe the whole banking/financial system has so fundamentally changed over the last 80 years that I believe that now these companies (AIG of course being the specific top name, but there are many many) really should be liable to similar structuring as banks themselves and these companies have so comprehensively taken over our lives in many ways that we are all affected by them.  Of course evidenced by the current economies.  

Again, more thoughts than anything.  I hate to be hypocritical and allow some to be expansionist while others I deny, but in this case I see less abuse potential than the denial of basic human rights or the insidious secretive snaking into peoples' lives.  So too, I see this as a necessary step in the evolution of our financial institutions.  They have changed drastically in this immediately post-industrial world and our regulatory systems don't seem to have kept up.

I'd be interested to hear from any of you economic minds out there or just thoughts.  As usual, most of you respond to me privately since you are all private people, but I still want to know.