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IPFS News Link • Federal Reserve

Obama Empowers Federal Reserve While Gutting SEC

5-20-09 • Bloomberg.com

The proposal, still being drafted, is likely to give the Federal Reserve more authority to supervise financial firms deemed too big to fail. The Fed may inherit some SEC functions, with others going to other agencies, the people said.

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Reported By Jack Gregson

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Obama Empowers Federal Reserve While Gutting SEC

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