http://hosted.ap.org/dynamic/stories...03-15-14-02-20
Barack Obama will not be satisfied until he control everything in this country.
Quote:
| The bill would create a powerful nine-member Financial Stability Oversight Council, chaired by the treasury secretary, to look out for the systemwide health of the financial sector and to stop financial firms from becoming "too big to fail." The council could place large, interconnected financial institutions under the supervision of the Federal Reserve. And it would have the authority to approve the breakup of large complex companies if they pose a threat to the nation's financial system. Obama, eager to make Wall Street regulations a political and legislative cause, called Dodd's bill "a strong foundation," but he signaled he wanted to make it tougher. "I will take every opportunity to work with Chairman Dodd and his colleagues to strengthen the bill and will fight against efforts to weaken it," he said. |
