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Admin wants Fed to oversee ''systemic risk'': Reuters

uk.reuters.com — The Obama administration is expected to propose legislation by June calling for the U.S. Federal Reserve to play a central role in regulating systemic risk in the economy, trade association sources said on Friday. Now that the U.S. bank stress tests are over, the administration is refocusing on a drive to tighten regulation of banks and markets to

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  • wbradleyjr1, on 09/26/2009, -0/+1This is the Fox guarding the Hen house. The Fed engineered this mess in the first place!

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