Posted by Karl Denninger in Editorial at 08:12 Ok, You're A Crook Obama I was willing to give President Obama the benefit of the doubt. Not any more: May 19 (Bloomberg) -- The Obama administration may call for stripping the Securities and Exchange Commission of some of its duties under a regulatory reorganization that could be unveiled as soon as next week, people familiar with the matter said. The proposal, still being drafted, is likely to give the Federal Reserve more power to supervise financial firms deemed too big to fail. The Fed may inherit some SEC functions, with others...
