Am I the only one who sees a problem with this?:
http://biz.yahoo.com/rb/080331/usa_economy_regulation.html?.v=9"In the Treasury's ideal scenario, the Fed would be the market stability regulator and give up its traditional role of overseeing bank holding companies, while several bank regulatory agencies would be combined into a single prudential financial regulator.
"To do its job as the market stability regulator, the Fed would have to be able to evaluate capital liquidity and margin practices across the financial system and their potential impact on overall financial stability." Paulson said.
"
The Fed would have the authority to go wherever in the system it thinks it needs to go for a deeper look to preserve stability.""
Am I just bein' paranoid? "Preserve Stability", what does that mean? The economy is cyclic and we're experiencing the down part. Do some people think there should be no down part? The Fed has been printing a lot of money lately and devaluing our dollar. And they want to bail out the mortgage industry too. Why? Falling house prices are good for some areas like LA where they've been high for a long time.
Am I alone in thinking the Feds have their hands in too many places?
