Jack Reed actually said...

As the President's plan evolves, if it is not modified, the Federal Reserve essentially would be the direct regulator of most of the major f...

There seems to be a consensus emerging among regulators and many in Congress on the need for a Council to address risks in the financial sys...

We need to be thoughtful and deliberate in our approach, but we need to act soon.

Much of the responsibility for setting standards would remain with the Federal Reserve, which raises serious concerns given its failure in r...