More Power For the Fed? Seriously? by Mike Larson   06-26-09 In last week’s Money and Markets column, I gave you a broad outline of the Obama administration’s regulatory reform scheme. This week, I want to zero in on one of its weakest links. I’m talking about the idea of making the Federal Reserve an “uber-regulator,” responsible for managing system-wide risk. First, what in the world is system-wide risk? Well, that’s the risk that interconnected-institutions will drag down Read more [...]