Quote from AMT4SWA:
"Obama to Give FED Even More Power"
Kevin Drawbaugh and Rachelle Younglai
Reuters
May 8, 2009
The Obama administration is expected to propose legislation by June calling for the U.S. Federal Reserve to play a central role in regulating systemic risk in the economy, trade association sources said on Friday.
Now that the U.S. bank stress tests are over, the administration is refocusing on a drive to tighten regulation of banks and markets to prevent another financial crisis like the one that is currently ravaging economies worldwide.
Systemic risk refers to problems in the financial system large enough to damage the overall economy. For instance, the government last year bailed out insurer American International Group because its failure was seen as a systemic risk.
Article continues......... http://www.infowars.com/obama-to-give-fed-even-more-power/
Already had that one covered.......... http://www.elitetrader.com/vb/showt...63725&perpage=6&highlight=jekyll&pagenumber=1Quote from marketsurfer:
how about bernanke meeting on Jekyll island the other day??
http://www.thefxmarkets.com/forexlearning/Bernanke-On-Jekyll-Island-81147.cfm
send this one to Alex Jones!
surf
Well you better be ready to GO ALONG with it........ http://www.nytimes.com/2009/05/14/us/14explorers.html?_r=1&hp :eek:Quote from jueco2005:
I expect to see during my lifetime FED regulation over the executive power and congress. we are heading that way.