Archive for March 31st, 2008

New national economic plan: Federal Reserve’s power will be hugely increased

by: Brian Bailey March 31, 2008

CNN reports that Treasury Secretary Paulson is preparing to unveil a plan that would basically do the exact opposite of abolishing the Federal Reserve- the plan will grant the Fed nearly unlimited powers of regulation of oversight.
“One of the most dramatic changes would extend the powers of the Federal Reserve — designed to regulate […]