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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Metacomet who wrote (113677)	3/31/2008 10:11:34 AM
From: John Chen	Read Replies (1) \| Respond to of 306849

"Fed has always been a private institution". Are you sure ? Why US prez have to appoint a position of "private institution".

To: Metacomet who wrote (113677)	3/31/2008 10:20:41 AM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 306849

No, I was being serious. Why should private agencies which have proven themselves time and again to be coopted by the entities they oversee be allowed to have a watchdog function? Moving these to the Fed would have just that effect. In other words I think the Fed needs less power (preferably needs to be rescinded altogether). Therefore this is a step in the wrong direction. "Market stability regulator"? Only if markets are dropping, apparently, where was the 'regulation' while the housing bubble was raging?