PDA

View Full Version : Obama to Limit Fed Lending Power, Grant Systemic Role - Bloomberg



NewsWhore
06-17-2009, 09:40 AM
<img alt="" height="1" width="1">
Obama to Limit Fed Lending Power, Grant Systemic Role (http://news.google.com/news/url?sa=T&ct=us/1-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601103%26sid%3DaUxwUmUbec94&cid=1261411102&ei=L_U4So_IKImE6QPOs7SGCA&usg=AFQjCNFXOeREDKmGw5Eh9hYVaVUSzxFp2g)
Bloomberg
The new agency will assume the responsibilities of the OTS and Office of the Comptroller of the Currency and be known as the National Bank Supervisor. “In some cases, we&#39;re expanding modestly the Fed&#39;s powers,” Obama said yesterday. ...


More... (http://news.google.com/news/url?sa=T&ct=us/1-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601103%26sid%3DaUxwUmUbec94&cid=1261411102&ei=L_U4So_IKImE6QPOs7SGCA&usg=AFQjCNFXOeREDKmGw5Eh9hYVaVUSzxFp2g)