" Spiraling anger over the bailout and bonuses of American International Group Inc. (AIG: 1.19 -14.39%), has brought to head the issue of regulatory power when it concerns large financial institutions that are not necessarily deposit-taking institutions insured by the government. The issue was taken up by the Obama administration Tuesday, when it began a full-fledged effort to expand the federal government’s power to seize control of any troubled financial institution deemed systematically important to the livelihood of the nation’s financial system."

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