Too Big to Succeed

[FRED]

Melissa Francis (CNBC), Larry Kudlow (CNBC), Michael Farr (Farr, Miller & Washington), and Janet Tavakoli of Tavakoli Structured Finance discuss the Fed’s future role as a regulator.

[LargoWinch]

Re: Too Big to Succeed

Thanks to our friend Chief Tomahawk for this, and FRED for reposting:

http://www.itulip.com/forums/showthread.php?t=10389

[D-Mack]

Re: Too Big to Succeed

"The Fed is the last bastion we trust, popularity"

MELISSA FRANCIS
CNBC Anchor & Reporter

Melissa Francis is the co-anchor of "The Call"

..

Francis earned a Bachelor of Arts degree in economics from Harvard University where she also served as executive editor of the Harvard College Economist Magazine.

http://www.cnbc.com/id/15838151

Is it her education or do they put something in the water at cnbc?

[ax]

Re: Too Big to Succeed

"The Fed is the last bastion we trust, popularity"



Is it her education or do they put something in the water at cnbc?

Another reason that makes it impossible to watch CNBC. Here are clearly intelliget people acting as if they are complete idiots spouting the "buy stocks" mantra in the face of any data. Kiernan is like a nuclear physicist or somethig but acts like a 3rd-grader.

[rabot10]

Re: Too Big to Succeed

Another reason that makes it impossible to watch CNBC. Here are clearly intelliget people acting as if they are complete idiots spouting the "buy stocks" mantra in the face of any data. Kiernan is like a nuclear physicist or somethig but acts like a 3rd-grader.

And your point is? I'ts CNBC for god sakes - No It's Saturday Night Live!!!!!!!!!!

[D-Mack]

Re: Too Big to Succeed

Geithner Defends Plan to Give Fed Stepped-Up Powers

June 18 (Bloomberg) — Treasury Secretary Timothy Geithner defended the administration’s proposal to give the Federal Reserve increased powers in his first public tussle with lawmakers skeptical whether the central bank is up to the job.

Advocating for President Barack Obama’s regulatory overhaul on Capitol Hill, the Treasury chief faced repeated questions from senators who cited previous regulatory failures at the Fed and potential conflicts with its monetary-policy duties.


“The Federal Reserve is best positioned” to oversee the biggest financial companies, Geithner told the Senate Banking Committee in Washington, adding that the Obama plan gives the Fed only “modest additional authority.” Most central banks around the world have some responsibility for monitoring systemic risks, he said.


....

Geithner said that the Fed has “greater knowledge and feel for broader market developments” than any other U.S. banking agency. He added that giving those powers to a council of regulators wouldn’t work.

“You don’t convene a committee to put out a fire,” he said.

http://www.bloomberg.com/apps/news?p...d=afydjEJN5RJc

I guess he has a point, asking the arsonist could help in this case