Bush seeks financial regulation overhaul
WASHINGTON - 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 broad authority to oversee financial market stability. That would include new powers to examine the books of any institution deemed to represent a potential threat to the proper functioning of the overall financial system.
Full story here
Funny the news I saw this on was Optimum Online’s news it was listed under strange…
Sorry I do not have enough time to really say what I feel on this just now… I post it now to bring it to your attention… In my best Mike Myers Jewish woman voice, “Talk amongst yourselves”…
Look away, look over there in the sky, UFO's...
We are the music makers, And we are the dreamers of dreams. ~Arthur William Edgar O'Shaughnessy