Rachelle Younglai

The Marxist power grab continues....

UPDATE 2-Dem bill urges new US powers over financial firms
Tue Oct 27, 2009 8:16pm EDT
* Financial Services Oversight Council would be set up

* Treasury would head council to monitor, address risks

* Federal Reserve, FDIC would get new authorities

* Obama says bill urgent, crucial (Updates with Obama letter to Frank)

By Kevin Drawbaugh and Rachelle Younglai

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