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Stock Investing > Mishs Global Economic Trend Analysis

Obama's Blueprint for Reform Concentrates Still More Power in Hands of the Fed

Mike Shedlock | Wed, 06/17/2009 - 3:32pm | centralized power, Fed, White House economics |  Add a comment

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The Washington Post has released a "near final" draft of Obama's financial reform proposals . As expected, the paper whitewashes the role of the Fed and Fractional Reserve Lending as well as the role of unfunded Congressional spending in creating the mess. Instead, Obama's plan gives more power to
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