Communist

this reeks of communism, The Fed Reserve which most recently was seen to be dissolving a Publicly traded Company for the benefit of another publicly traded Company under the guise of protecting or bailing out investers......and now this jackass administration wants to give the Fed greater powers in regulating the markets. Neither side gets it, and sadly they probably never again will until we have a bloody revolution, the central Govt should be seen and not heard, should Butt out of our lives, allow the states to govern themselves and to only speak when conversing about International Matters and then with a voice that is collective of the States United. This country is in sad shape my friends. This is just one more reason to "Vote Gato for El Presidente~"



updated 11:53 p.m. ET, Fri., March. 28, 2008
WASHINGTON - The Bush administration is proposing a sweeping overhaul of the way the U.S. financial industry is regulated.

In an effort to deal with the problems highlighted by the current severe credit crisis, the new plan would give major new powers to the Federal Reserve, according to a 22-page executive summary obtained Friday by The Associated Press.

The proposal would designate the Fed as the primary regulator of market stability, greatly expanding the central bank's ability to examine not just commercial banks but all segments of the financial services industry.