Federal Reserve Powers
A sweeping proposal was presented 31 March 2008 regarding the regulatory powers of the U.S. Federal Reserve, expanding its jurisdiction over other types of financial institutions and authority to intervene in market crises.
Read more about this topic: Regulatory Responses To The Subprime Crisis
Famous quotes containing the words federal, reserve and/or powers:
“The proposed Constitution ... is, in strictness, neither a national nor a federal constitution; but a composition of both.”
—James Madison (1751–1836)
“Her face had the seamed reserve of the old in this country [Japan]. It was a neighborhood poignantly rich in old ladies.”
—Angela Carter (1940–1992)
“Anti-Nebraska, Know-Nothings, and general disgust with the powers that be, have carried this county [Hamilton County, Ohio] by between seven and eight thousand majority! How people do hate Catholics, and what a happiness it was to show it in what seemed a lawful and patriotic manner.”
—Rutherford Birchard Hayes (1822–1893)