Treasury's Plan Would Give Fed Wide New Power

Treasury's Plan Would Give Fed Wide New Power

www.nytimes.c om

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.

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Fiscal 9/11 - This is the groundwork for the Financial Version of the Patriot Act. The White House summary consolidate what is now an calls for the consolidation of power to a trio of handlers responsible for everything from banks and brokerages to hedge funds and private equity firms.

www.nytimes.c om
(visit the link for the full news article)

Thread already here:

www.abovetopsecret.com...

"The report, which recommends more power for the Federal Reserve, also proposes combining the Office of Comptroller of the Currency -- which dates back to the Civil War -- and the Office of Thrift Supervision into a single banking overseer. In addition, the draft, which was circulated to government agencies this week and obtained by Bloomberg News, calls for the merging of the Securities and Exchange Commission and the Commodity Futures Trading Commission."

[SOURCE]

I seem to remember something in history that involved the consolidation of financial, judiciary, military, and home security efforts under just a handful of organizations...Who were these well dressed fascists? Oh, the Nazis, yes..Them....Evil, but they had style you know? And America is alright with that...Would you agree Miss Spears?


"Yes, kids listen to what the president says! Tee Hee!"

Exactly! Remember this stuff:

[The Patriot Act vs. the Nazi Enabling Act]