November 20, 2009
Senate Banking Committee Chairman Chris
Dodd released his plan for overhauling Wall Street regulations
last week. Among its components is a proposed new organization,
the Agency for Financial Stability, which would have the power to
break-up those companies considered too big to fail. In other
words, writes Reason Foundation Policy Analyst Anthony Randazzo,
the agency would enjoy unprecedented power over the private
sector.
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