Tech. Sgt. James Karmann surveys the landing zone before landing at the town of Real during typhoon relief operations here. The HH-60 Pave Hawk helicopter delivered food and supplies to the distribution center.
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Treasury's plan would give Fed wide new power
By: News Bites | Submitted on: 03/28/08(SGT NEWS BITE) - The Treasury Department will propose on Monday that Congress give the Federal Reserve broad new authority to oversee financial market stability, in effect allowing it to send SWAT teams into any corner of the industry or any institution that might pose a risk to the overall system.
The proposal is part of a sweeping blueprint to overhaul the nation’s hodgepodge of financial regulatory agencies, which many experts say failed to recognize rampant excesses in mortgage lending until after they set off what is now the worst financial calamity in decades.
Link to full article (opens in new window)
The proposal is part of a sweeping blueprint to overhaul the nation’s hodgepodge of financial regulatory agencies, which many experts say failed to recognize rampant excesses in mortgage lending until after they set off what is now the worst financial calamity in decades.
Link to full article (opens in new window)
News Bites are short one or two paragraph excerpts of external news articles with links to the original source.
