{"id":3239,"date":"2009-09-21T16:16:38","date_gmt":"2009-09-21T20:16:38","guid":{"rendered":"http:\/\/blogs-devl.bu.edu\/bunow\/?p=3239"},"modified":"2009-09-21T16:16:38","modified_gmt":"2009-09-21T20:16:38","slug":"fed-powers-may-be-weakened","status":"publish","type":"post","link":"https:\/\/blogs-devl.bu.edu\/bunow\/2009\/09\/21\/fed-powers-may-be-weakened\/","title":{"rendered":"Fed powers may be weakened"},"content":{"rendered":"<p>A proposal by Senate Banking Committee Chair Chris Dodd would <a title=\"merge\" href=\"http:\/\/www.latimes.com\/business\/nationworld\/wire\/sns-ap-us-congress-financial-meltdown,0,6216006.story\" target=\"_blank\">merge<\/a> the four bank regulatory agencies into a single super regulator, diminishing the singular power of the Federal Reserve.\u00a0 School of Law Professor <a title=\"Cornelius Hurley\" href=\"http:\/\/www.bu.edu\/law\/faculty\/profiles\/bios\/banking\/hurley.html\" target=\"_blank\">Cornelius Hurley<\/a>, director of the Morin Center for Banking and Financial Law and a former counsel to the Fed Board of Governors, says this would addess the issue of the Fed&#8217;s mission creep.<\/p>\n<p><em>&#8220;Chairman Dodd&#8217;s support of a consolidated prudential regulator for all banks creates a new legislative dynamic for reform.&#8221;<\/em><\/p>\n<p>Contact Cornelius Hurley, 617-353-5427, <a href=\"mailto:ckhurley@bu.edu\">ckhurley@bu.edu<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A proposal by Senate Banking Committee Chair Chris Dodd would merge the four bank regulatory agencies into a single super regulator, diminishing the singular power of the Federal Reserve.\u00a0 School of Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and a former counsel to the Fed Board of Governors, [&hellip;]<\/p>\n","protected":false},"author":114,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/3239"}],"collection":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/users\/114"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/comments?post=3239"}],"version-history":[{"count":3,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/3239\/revisions"}],"predecessor-version":[{"id":3242,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/3239\/revisions\/3242"}],"wp:attachment":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/media?parent=3239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/categories?post=3239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/tags?post=3239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}