For general discussion and debate. Possible talking point: new powers to be given to the Federal Reserve in order to solve the current and prevent future financial crises (paragraph break removed):
A plan set for release Monday would give new powers to the Federal Reserve so that the central bank serves as the system's overarching protector of stability. The proposal would abolish agencies such as the Office of Thrift Supervision and the Commodity Futures Trading Commission, shifting their responsibilities to other federal institutions.
Does such a move scare you? Is this a similar overreaction to corporate malfeasance as Sarbanes-Oxley was to Enron? Similar to Soxley, will whatever legislation that emerges today end up harming lending and the real estate market tomorrow?