A top Federal Reserve official told a Senate committee on Thursday that Washington must increase its regulation of Wall Street in order to prevent other banks from needing rescues similar to the one at Bear Stearns.SHOCK!!! SHOCK!!!!
The official, Timothy F. Geithner, the president of the Federal Reserve Bank of New York, called for a simpler, more stringent supervision over financial institutions and urged banks to put in place more fail-safes to prevent the liquidity problems that claimed Bear Stearns last month.
[ cf Fed Officials Defend Rescue of Bear Stearns ]
Don't these terrorists KNOW that we are in a time of Most Holy Crusade????
Don't these terrorists understand that it is the Department of Homeland Securities Job to avoid the questions of Federal Emergency Plastic Wrap Dispensing????
What is it with these Terrorists!!!