Treasury's Plan Would Give Fed Wide New Power - New York Times - 0 views
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Democratic lawmakers are all but certain to say the proposal does not go far enough in restricting the kinds of practices that caused the financial crisis.
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alex thorn on 29 Mar 08Notice how the Democrats are only angry about the lack of restrictions on the practices that "caused the mortgage crisis," rather than the overall problems with the unregulated and arbitrary power of the Federal Reserve.
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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.
