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Bush Administration Proposes 22 Pages of New Powers for Federal Reserve
The Bush administration is proposing a sweeping overhaul of the way the government regulates the nation’s financial services industry from banks and securities firms to mortgage brokers and insurance companies.
The plan would give major new powers to the Federal Reserve, according to a 22-page executive summary obtained by The Associated Press.
The Fed would be given [...]
Treasury’s Plan Would Give Federal Reserve Wide New Power to Use “Swat Teams” to Regulate Financial System
The Treasury Department will propose on Monday that Congress give the Federal Reserve broad new authority to oversee financial market stability, in effect allowing it to send SWAT teams into any corner of the industry or any institution that might pose a risk to the overall system.
The proposal is part of a sweeping blueprint to [...]
Federal Reserve Bailout: Central Bank Becomes Protector and Overseer of Wall Street
In the past two weeks, the Federal Reserve, long the guardian of the nation’s banks, has redefined its role to also become protector and overseer of Wall Street.
With its March 14 decision to make a special loan to Bear Stearns and a decision two days later to become an emergency lender to all of the [...]
Quick Links 3/3/08
Pulls embassy staff from Bogota…
Ahmadinejad: US Should Leave Iraq…
…landmark visit
PAPER: Federal Reserve’s rescue has failed…
Buffett: USA Essentially in Recession…
Israeli City Shocked As Rockets Hit…Strikes Kill 61 in Gaza…
Next Level…
Oil Prices Spike on OPEC Speculation…
…rethinking production cut plans
Oil exploration sought in Calif. national monument…
GOOGLE Earth showed protesters way to conquer UK parliament… [...]
