Federal Reserve Power

                 

The government has given even more power to the Federal Reserve; the agency has had excessive power up to now.

                       

The assumed problem is the possibility of any banking institution failing and then dragging down another.

                       

Unfortunately, the regulators have historically never been good at this, and I doubt they ever will. The Dodd-Frank legislation has merely made it more impossible for big banks to fail. That spells out more senseless bailouts. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)