Your "conservative" Bush

troll

Well-known member
Joined
Aug 13, 2001
Messages
1,613
Reaction score
0
Once again, I'm amazed that people still call Bush conservative:

Paulson: financial oversight overhaul needed
Monday March 31, 10:20 am ET


"WASHINGTON (Reuters) - Acknowledging gaps in U.S. financial oversight exposed by the subprime mortgage crisis and its aftermath, Treasury Secretary Henry Paulson on Monday proposed a dramatic restructuring of government supervision the financial system.

Paulson's proposal would allow the Federal Reserve to conduct on-site examinations of large non-bank financial firms that are treated differently than banks because they do not take deposits. Over time, the Fed would eventually take on the job of ensuring overall market stability."

http://biz.yahoo.com/rb/080331/usa_economy...ation.html?.v=9
 

rcrosby

Well-known member
Joined
Oct 25, 2004
Messages
1,358
Reaction score
18
How seriously can someone propose a single quasi-private cartel take control of anything. Isn't destroying our dollar enough? They are already bailing out banks by taking in worthless debt as collateral for treasuries to help banks meet their margins. The way this is going I think we will be talking past tense about the greatness of these United States and capitialism over bowls of cabbage soup. Get on your representives now not to handover any power to the federal reserve and to take back the power to print money that they have given them already.
 

Advertisement



Top Bottom