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U.S. Fed to get more power

Δευτέρα, 31 Μαρτίου 2008 19:50

Treasury Secretary Henry Paulson is proposing a dramatic restructuring of the U.S. financial systemPaulson's proposal would allow the Federal Reserve to conduct on-site examinations of large non-bank financial firms that are treated differently than banks because they do not take deposits. Over time, the Fed would eventually take on the job of ensuring overall market stability. Jon Decker reports.


Reuters