Bush Seeks Regulation Overhaul

Bush Seeks Regulation Overhaul

www.time.com

In an effort to deal with the problems highlighted by the current severe credit crisis, the new plan would give major new powers to the Federal Reserve, according to a 26-page executive summary obtained Friday by The Associated Press.

The proposal would designate the Fed as the primary regulator of market stability, greatly expanding the central bank's ability to examine not just commercial banks but all segments of the financial services industry.

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Instead of strengthening the Federal Reserve, now would be a good time to abolish it completely and take the dollar back to a commodity basis. Like maybe silver or gold.



www.time.com
(visit the link for the full news article)

news.yahoo.com...

A second source link.

Our representatives need to hear from us about this. If silence means approval, IMHO this needs a long loud response.