This is absolutely terrible. As we noted in the video in our Federal Reserve course, the primary cause of the economic problems is the Federal Reserve. Now they want more powers for the problems they caused? The more power the Fed gets, the further we get from free market capitalism, and the more deeply entrenched we get in socialism/fascism. -- KM


Treasury Secretary Henry M. Paulson Jr. today called for the Federal Reserve to be given new, explicit powers to intervene in the workings of Wall Street firms to protect the financial system, adapting his vision of how the financial world should be regulated to reflect the lessons of the collapse of Bear Stearns....

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