Friday, June 25, 2010

Office of the antichrist?
This is an office to keep an eye on. Who will be chosen?

House, Senate leaders finalize details of sweeping financial overhaul

By Brady Dennis
Washington Post Staff Writer
Friday, June 25, 2010; 12:26 PM

A new consumer protection bureau housed in the Federal Reserve would have independent funding, an independent leader and near-total autonomy to write and enforce rules.
The government would have broad new powers to seize and wind down large, failing financial firms and to oversee the $600 trillion derivatives market. In addition, a council of regulators, headed by the Treasury secretary, would monitor the financial landscape for potential systemic risks.

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