Paulson Suggests Massive Oversight Changes

Treasury Secretary Henry Paulson announced today a sweeping plan to restructure the hodgepodge of federal agencies and regulators who oversee the nation's financial networks. But don't expect to see any changes soon — or any relief out of this plan for Americans struggling to pay their bills. Paulson's plan is not aimed at fixing the current economic crisis, but at preventing future meltdowns in the market. The proposal would give the Federal Reserve more power at the expense of several other...Full Story
Commenting on this article is closed.