[RT] Fw: [TimeandCycles] New Fed powers

[Ben <profitok@xxxxxxxxxxxxx>]

 

Sent: Friday, March 28, 2008 10:31 PM

Subject:  New Fed powers

"WASHINGTON — 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."

http://www.nytimes.com/2008/03/29/business/29regulate.html?_r=1&ex=1364443200&en=1a7edf96d5b29652&ei=5090&partner=rssuserland&emc=rss&oref=slogin

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