Treasury Secretary Calls For Supercharged Fed, Streamlined Regulatory System

Treasury Secretary Calls For Supercharged Fed, Streamlined Regulatory System

Treasury Secretary Henry Paulson wants to consolidate the nation’s financial regulators into a tripartite gang that can save the economy from distress and doom. The plan to give the Federal Reserve broad new regulatory powers and streamline the regulatory community has been in the works since last March, before the start of the subprime meltdown. Paulson is worried that the U.S. markets are no longer competitive with maturing world markets, some of which aren’t hampered by nuisances like regulation. After the jump we’ll explain the consumer impact of the plan and introduce you to your three new regulators.

Travel Between New York And Washington For $1 With BoltBus

Travel Between New York And Washington For $1 With BoltBus

BoltBus offers service between Washington D.C. and New York with fares starting at $1. Each ride comes not just with WiFi, but with power outlets at every seat—a luxury usually confined to Amtrak. The downside? (There are several.)