Bush's plan to regulate finacial market stability

I like and believe in the plan that Bush's administration is introducing to congress. In this plan, I believe the plan will give needed regulations to biased institutions. This plan was first brought to surface last year by Treasury Secretary Henry Paulson. Now, Bush administration is backing the plan and will introduce it to Congress on March 31, 2008. Furthermore, we need more plans with democratic stamp approvals to pass if we are going to keep America dominant world power and a place where American’s want to live. It is preposterous to me that an investment bank would give the public, a sub prime mortgage carrying the highest security rating, knowing that the certain families would not be able to pay their note, and in turn family houses will be foreclosed. The proposed plan would be overseen by the Fed, but the Fed would only impose sanctions on an investment bank when it poses a high risk to the entire financial system . According to the summary provided by the administration, the plan will organize and minimize the banking and securities regulators. This plan will effect everyone from wall street investors to hedge funds, It is a belief in the democratic party that a new system of financial stability in the United States of America needs to be set in place. Other, democrats are drafting bills to stiffen supervision over credit default swaps to Wall Street investment banks. Under this terrific plan the fed would be able to keep a close eye on investment banks, brokerage firms and commodity-trading exchanges etc... . The Idea of a deeper look at this economy will get my vote any day and I am all for a new and improved way of financial stability in this country.V

http://www.statesman.com/news/content/news/stories/nation/03/29/0329economy.html