The privately owned and run Federal Reserve is to be handed sweeping new powers under Obama administration proposals in a deal that will please bankers who lobbied for more Fed “oversight” of their activities.
Read the rest of this entry »President Barack Obama proposed massive changes Wednesday to how the United States regulates its financial industry, hoping to win new government powers that his administration believes could prevent another financial crisis from ever taking place.
Read the rest of this entry »A new report by the U.S. Army War College talks about the possibility of Pentagon resources and troops being used should the economic crisis lead to civil unrest, such as protests against businesses and government or runs on beleaguered banks.
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