The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Les H who wrote (203180)	5/20/2009 10:18:00 AM
From: James Hutton	Read Replies (2) of 306849

Yes, it is an end run around Congress (controlled by the President's party - that's another reason it's nutty). I only mean "smaller" in the sense that presumably there would be fewer employees/responsibilities for the SEC and a non-governmental body - the Fed would pick up those responsibilities. It's crazy - the Federal Reserve Board of New York - under the current Treasury Sec. was complicit in creating our current economic problems and now they give them more oversight (and enforcement?) authority? UFB.

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