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Catherine Austin Fitts has an insightful article on her blog - Overview of The Paulson Plan
I thought I would lay out the specifics of the U.S. Treasury plan to centralize and consolidate the U.S. financial regulatory system before commenting on it. A description of Treasury Secretary Paulson’s proposals is posted at the U.S. Treasury web site:
The fact sheet accompanying the proposals describes recent discussion of centralizing regulation , including industry panels assembled by Secretary Paulson in March 2007 who agreed that “the competitiveness of our financial services sector – and its ability to support U.S. economic growth – is constrained by an outdated financial regulatory framework.”
Treasury Releases Blueprint for Stronger Regulatory Structure
Remarks by Secretary Henry M. Paulson, Jr. on Blueprint for Regulatory Reform
RECENT HISTORY Remarks by Secretary Henry M. Paulson, Jr. on Blueprint for Regulatory Reform
The fact sheet accompanying the proposals describes recent discussion of centralizing regulation , including industry panels assembled by Secretary Paulson in March 2007 who agreed that “the competitiveness of our financial services sector – and its ability to support U.S. economic growth – is constrained by an outdated financial regulatory framework.”
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