Bush Hopes to Expand the Powers of Federal Reserve

The administration proposal, which will be formally unveiled in a speech Monday would designate the Fed as the primary regulator of market stability.  The plan proposes a business conduct regulator who would be in charge of overseeing consumer protection issues and eliminate the distinction between banks and thrift institutions, so that Fed Chairman Ben Bernanke and his colleagues could better detect where threats to the system might be hiding.

I'm curious to any insight or opinions out there on what kind of impact this plan would have. 

Pattie

 
Posted by Pattie Adkins on 03/29/2008 03:29 PM   Comments (4)   , , ,  

4 Comments on Bush Hopes to Expand the Powers of Federal Reserve

Hey Pattie, I have no idea of the effects of this change but will be just as curious to watch what unfolds.

Sean Allen

03/29/2008 03:37 PM by International Financing Solutions

Aloha Pattie,

Where threats are hiding? How about that big federal style mansion on Pennsylvania Ave. I thought the biggest threat is the administration, current or otherwise.

Peace,

03/29/2008 03:40 PM by Kimo Stowell (JDS Consulting Staging & Interiors)

if you want a little insight into the formation of the Federal Reserve, and how the founding fathers of this county did everything they could to avoid it and why, check out www.zietgeistmovie.com

03/29/2008 03:47 PM by Cree Quaker - Ulster County Real Estate (Barqua Real Estate & Design, LLC)

Ah - sense of humor - very much needed about now!  Thanks so much for the posts!  I'm still waiting to hear something on this.  Hope I didn't miss it somehow......

04/02/2008 12:48 AM by Pattie Adkins, Broker

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Real Estate Brokerage: Pattie Adkins, Broker
Pattie Adkins
Yorba Linda, CA
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Pattie Adkins, Broker

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