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
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