Dodd wants to take supervisory power from the Federal Reserve, which is controlled by the banks it pretends to monitor, and put it in the hands of a new independent agency. Full Article at The Asheville Citizen-Times

I don't blame the Treasury Secretary for the problems. I blame the Clinton economic team and the New York Fed. Oh wait. Summers has to go, and Geithner should follow for being dumb enough to listen to him. Full Article at Huffington Post

Nov. 14 (Bloomberg) -- Two Obama administration officials stood up for the Federal Reserve after a key senator proposed stripping the central bank of its authority to supervise banks. Full Article at Bloomberg.com

Austan Goolsbee, a member of the White House Council of Economic Advisers, said the Fed should retain a central role in supervising the banking sector and that moves to merge oversight into a single agency could cause industry "nervousness." Full Article at FOX News

On Friday, Austan Goolsbee, a member of President Barack Obama’s Council of Economic Advisers, said that by limiting the Fed’s responsibilities, there could be confusion in how the federal government regulates the financial system. Full Article at The Hill

Austan Goolsbee, one of the president's economic advisors, weighed in on the subject of "too big to fail," saying we might be losing our big chance to change the way the financial system works. Alisa Roth reports. Full Article at American Public Media

Obama administration officials on Friday criticized the central plank of the Senate Banking chairman’s sweeping proposal to overhaul regulation of the financial system, thrusting into the public a debate that has been bubbling beneath the surface. Full Article at CQ Politics

Nov. 13 (Bloomberg) -- Austan Goolsbee, a White House economic adviser, said Senator Christopher Dodd’s proposal to strip the Federal Reserve of its authority to oversee banks could weaken the nation’s ability to fight another crisis. Full Article at Bloomberg.com

Austan Goolsbee, who sits on the White House's Council of Economic Advisers, said he felt some "nervousness" about Dodd's proposal to create a committee independent of the Federal Reserve to oversee risks in the financial system and police potential... Full Article at Huffington Post

Nov. 13 (Bloomberg) -- Austan Goolsbee, a White House economic adviser, said Senator Christopher Dodd’s proposal to strip the Federal Reserve of its authority to oversee banks and create a single regulator could lead to confusion in a future crisis. Full Article at Bloomberg.com

Nov. 13 (Bloomberg) -- Austan Goolsbee, a White House economic adviser, said he doesn’t believe that the repeal of the 1933 Glass-Steagall Act, which set the stage for mergers of commercial and investment banks, was a primary cause of the financial... Full Article at Bloomberg.com

The great American poet and prose-mangler William Burroughs once offered some words of advice for young people, words that work just as well for inhabitants of Washington D.C.: “An old junk pusher told me,” he wrote, “ ‘Watch whose money you pick up.’ ”... Full Article at Balloon Juice

Listen to a top economist in the Obama administration describe Paul A. Volcker, the former Federal Reserve chairman who endorsed Mr. Obama early in his election campaign and who stood by his side during the financial crisis. Full Article at Pittsburgh Post-Gazette

As advocates for shareholder rights, we strive to make sure our members are heard on important matters that affect all of our portfolios. That's why the White House asked for feedback from the Motley Fool community and agreed to answer your questions. Full Article at The Money Times

Washington -- Former Federal Reserve Chairman Paul Volcker said he espouses a banking system that separates commercial and investment banking. Full Article at The Money Times

Paul Volcker must feel like he's going crazy. Full Article at Huffington Post

“The guy’s a giant, he’s a genius, he is a great human being,” said Austan D. Goolsbee, counselor to Mr. Obama since their Chicago days. “Whenever he has advice, the administration is very interested.” Well, not lately. Full Article at Gainesville Sun

Listen to a top economist in the Obama administration describe Paul A. Volcker, the former Federal Reserve chairman who endorsed Mr. Obama early in his election campaign and who stood by his side during the financial crisis. Full Article at The New York Times

by Tim O'Reilly | timoreilly | comments: 0 Somehow, in my economist heart always lies the revealed preference thing, which is: People are investing tons of their time, tons of their money, tons of their energy into the internet; they wouldn't be doing... Full Article at O'Reilly Radar