June 23, 2008

Bush: Give More Power To The Fed

MARTIN CRUTSINGER
Associated Press
June 19, 2008

WASHINGTON - Treasury Secretary Henry Paulson says the government must move quickly to give the Federal Reserve more powers to regulate the financial system.

Paulson said Thursday that the central bank’s powers need to be expanded in the wake of the near collapse earlier this year of Bear Stearns, the giant Wall Street investment firm.

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