That’s what Senator Dodd’s proposal is. He wants to create an entirely new regulatory agency to replace the Fed (a good idea) and the FDIC (a bad idea).
Full Article at The Big Picture
WASHINGTON (Reuters) - U.S. Senate Banking Committee Chairman Christopher Dodd said on Wednesday he hoped to move a financial reform bill out of committee by early December adding it would contain a consumer protection provision.
Full Article at The Washington Post
The legislation, which is still being finalized, would consolidate federal responsibility for banking oversight, now assigned to four agencies, into a single regulator.
Full Article at The Washington Post
The legislation, which is still being finalized, would consolidate federal responsibility for banking oversight, now assigned to four different agencies, into a single regulator.
Full Article at The Washington Post
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