"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
White House to Seek Expansion of Powers for Federal Reserve
?The Bush administration will propose Monday that Congress give the Federal Reserve broad new authority to oversee financial market stability, in effect allowing it to send swat teams into any corner of the industry or any institution that might pose a risk to the overall system.?
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