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bush proposes plan to give FED more power!!
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[QUOTE]Originally posted by turbokid: [QB] i always knew the dollar takedown was by design now i see the agenda, wealth transfer and power consolidation. problem,reaction,solution. giving more power to the root of the problem to solve that problem is strikingly retarded. http://www.msnbc.msn.com/id/23853415/ [qb]WASHINGTON - The Bush administration is proposing a sweeping overhaul of the way the U.S. financial industry is regulated. In an effort to deal with the problems highlighted by the current severe credit crisis, the new plan would give major new powers to the Federal Reserve, according to a 22-page executive summary obtained Friday by The Associated Press. The proposal would designate the Fed as the primary regulator of market stability, greatly expanding the central bank's ability to examine not just commercial banks but all segments of the financial services industry.[/qb] [/QB][/QUOTE]
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