SubscribeShould We Give the Fed More Power … Or Less?
? Washington’s Blog . Congress is suggesting that the Fed be given more powers, making it the chief risk regulator of the entire banking system. Specifically, as summarized by Huffington Post, a new bill introduced by Democrats in Congress “gives the Federal Reserve the power to determine which firms are actually ‘too big to fail’ and pose systemic risk to the financial system.” Given the Fed’s history ( as discussed below) , that is like appointing the head of the Medellin
Overall, some great money management tips in this blog posting.