 "Rocky Mountain News (2007-Current)")
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Overhaul plan takes 'soft approach' Giving Fed access to bank books not enough, some say
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The Bush administration's plan to overhaul the financial
regulatory system was described by Wall Street players Monday as an
important first step, but by no means a solution to the bigger
problems facing the industry.
Treasury Secretary Henry Paulson released the 218-page plan that
would consolidate more regulatory power in the Federal Reserve.
The plan would give the central bank more power to protect the
stability of the entire financial system, merging day-to-day bank
supervi...
