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A powerful Senate committee proposed the widest-ranging reforms to US banking regulation since the financial crisis, including stripping the Federal Reserve of many of its powers. Full Article at Times Online
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of how the Fed has been forced to scramble as its power comes under more fire than at any time in decades. Full Article at Salt Lake Tribune
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by Anne Flaherty Associated Press Wednesday Nov 11, 2009 WASHINGTON - Senate Democrats on Tuesday proposed stripping the Federal Reserve of its supervisory powers and creating instead three new federal agencies to police banks, protect consumers and... Full Article at EDGE Boston
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WASHINGTON - With the Federal Reserve under more intense attack than at any time in decades, Ben Bernanke, its professorial chairman, got a schooling last month in how to handle the increased political demands of his job. Full Article at Boston Globe
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WASHINGTON - Senate Democrats on Tuesday proposed stripping the Federal Reserve of its supervisory powers and creating instead three new federal agencies to police banks, protect consumers and dismantle failing institutions. Full Article at Atlanta Journal Constitution Vendor
Related Quotes
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Never again should the American taxpayers have to hear about ’too big to fail,’ where the American taxpayer has to pick up the slack
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Ben Bernanke turns out to have better political instincts than anybody thought ... They accept the fact that I know what I'm doing up here.
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I’m more hopeful than I was a few weeks ago that we will be able to come up with a bipartisan bill
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This would not be a bail-out fund. This would not be an insurance fund
