Now Washington wants the power to seize any financial firms (not just banks) that look to be on the verge of failure. "Besides seizing a company outright, the document states, the Treasury Secretary could use a range of tools to prevent its collapse, such as guaranteeing losses, buying assets or taking a partial ownership stake. Such authority also would allow the government to break contracts, such as the agreements to pay $165 million in bonuses to employees of AIG's most troubled unit." Read more here . I'd better go read the Constitution again. Don't remember anything in there about this...