[Noney]

I smell a rat!

The sentence, "The proposal would designate the Fed as the primary regulator of market stability" flies in the face of everything that capitalism stands for! By its very nature, a market economy will have ups and downs. That's just the way it works.

We are currently in a down cycle which, by the way, everyone is calling a recession. I prefer to look at it as a correction. Too many people living too far beyond their means for too long. Something had to give. In the long run the economy will be healthier for it.

This Fed scheme is just a knee-jerk reaction to market convulsions.