I just found out about this over at DCup's place.
The latest "executive order" from the president states that he has the power to "Block Property" from people "who threaten stabilization efforts in Iraq." If the White House decides that you are are undermining efforts in Iraq, the Treasury Department is authorized to seize your money, property, assets, etc.
Unconstitutional? Why, yes! Of course it is! So why is this even legal?
Because the president declared that the country is in a state of emergency back on September 14, 2001.