September 15, 2009

More Power To The Fed

BBC NEWS | Business | Obama issues warning to bankers
President Obama said his administration was working on an "ambitious" overhaul of the regulatory system.

Under the proposed regulation, the White House would give the central bank, the Federal Reserve, new powers over huge financial firms and the ability to seize banks whose collapse could threaten the economy.


1 comment:

Bukko_in_Australia said...

Your headline makes me think of the old Bolshevik rallying cry: "All power to the soviets." And now the fascists running the U.S. have given "All power to the Fedviets."

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