Is the US Fed about to get neutered?US Democrat senators are looking to overhaul the country’s financial system, stripping the Federal Reserve of its supervisory powers and creating three new agencies to protect consumers and police banks. You can read the whole proposed Bill here.
US Treasury
Stress-testing the banks without ruining them
The US Treasury is in a conundrum: they must stress test the banks to restore confidence in the financial system, but labelling a bank as “sick” could ruin it.
Obama’s big mistake
Obama’s first 100 days has been marred by the disastrous appointment of Treasury Secretary Timothy Geithner, says Ben Rosen.
Strike two for US Treasury Secretary
He stuffed-up the release of the first outline of his bank help plans in February and it’s only got worse from there.
Kohler: Geithner’s middle way
The US Treasury Secretary’s clear-up of toxic loans looks like the worst possible plan, except for all the others, writes Alan Kohler.
