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To: GROUND ZERO™ who wrote (16773)	4/5/2011 7:07:41 AM
From: cycleupcycledown	Read Replies (1) \| Respond to of 218833

.......Bernanke last night, messing with the commodity exchanges?........Bernanke: Fed to improve financial oversight JEANNINE AVERSA - AP - Mon Apr 04, 7:50PM CDT WASHINGTON (AP) — Regulators are working closely to strengthen oversight of inner workings of the U.S. financial system, part of a broader effort to prevent a repeat of the 2008 financial crisis, Federal Reserve Chairman Ben Bernanke said Monday. The financial overhaul law enacted last year directs the Fed and other agencies to better coordinate supervision of financial "clearinghouses." They are institutions that handle the enormous volume of payments and transactions of securities and derivatives conducted each day by financial companies. Clearinghouses are an important part of the country's financial infrastructure. These institutions generally performed well during the financial crisis, Bernanke said in a speech to a financial markets conference meeting in the Atlanta suburb of Stone Mountain, Georgia. But he added: "We should not take for granted that we will be as lucky in the future." Bernanke said the Fed is working with the Securities and Exchange Commission and the Commodity Futures Trading Commission to implement the new law's provisions.