Monday, March 31, 2008

 

Most Sweeping Overhaul of Financial Regulation Since Great Depression Being Proposed

The Bush administration is trying to confront the credit crisis that has rattled nerves across the U.S. by proposing wholesale changes in how Washington oversees the financial system.

A plan set for release Monday would give new powers to the Federal Reserve so that the central bank serves as the system's overarching protector of stability.

Most Sweeping Overhaul of Financial Regulation Since Great Depression Being Proposed
Source: Insurance News Net

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