End The Federal Reserve To Reestablish States’ Rights

//www.lewrockwell.com/spl/end-fed-restore-10-amendment.html

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Dodd’s reform plan takes aim at the Fed

Washington Post

11/11/09

The chairman of the Senate Banking Committee on Tuesday unveiled a sweeping regulatory reform bill that would strip the Federal Reserve of nearly all of its power to oversee banks, setting up a possible clash with the Obama administration, which has argued for the central bank to play a pivotal role in addressing financial threats. The legislation promoted by Sen. Christopher J. Dodd (D-Conn.) would impose the most fundamental change in the Fed’s mission since the Great Depression, leaving it responsible for little besides setting monetary policy. Senior administration officials and Fed leaders, by contrast, have urged that the central bank retain its power to oversee large and complex financial firms whose collapse could endanger the global system...

//tinyurl.com/ybj8wxd


Informant: Thomas L. Knapp



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