gold has begun, not ended., page-18

Hi Brus,

It's getting worse. I posted this on the 'General' forum early yesterday. What's happening is really getting me down.

dub

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U.S. Fed May Gain More Regulatory Authority, Wash. Post Says
By James Kraus


Jan. 26 (Bloomberg) -- The Federal Reserve may gain extensive regulatory authority as part of a plan in Congress to tighten supervision of U.S. financial institutions, the Washington Post reported.

The initiative, sponsored by Massachusetts Democratic Representative and House Financial Services Committee Chairman Barney Frank, may be finalized in the House in the spring and would assign the Fed responsibility for protecting the entire financial system, the newspaper said.

The new authority would replace a patchwork of federal agencies that regulate financial services, with no one responsible for reviewing and containing risks that affect the system as a whole, the newspaper said.
Last Updated: January 26, 2009 02:43 EST

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at http://www.bloomberg.com/apps/news?pid=20601068&sid=ayPB2FRU0URo&refer=economy