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Re: A deleted message

Wednesday, 06/17/2009 12:40:22 PM

Wednesday, June 17, 2009 12:40:22 PM

Post# of 729876
"The Office of Thrift Supervision, a Treasury Department unit, would be closed..."

"The Fed would work in conjunction with a council of other regulators, to be chaired by Treasury, on monitoring "systemic risk" under the plan."

http://www.reuters.com/article/newsOne/i...


So now after FDIC gains the extended authorities of unwinding the so called systematic risk financial companies if necessary, and the Fed, those bankers and wealthy families, will act as a Judge determing firms' faith.

JPMC absolutely plays an important role in the Obama administration. Let's see how FDIC settles the WaMu mess.
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