More thoughts on Fed oversight

On Monday we talked about the government's recently proposed plan to further Federal Reserve oversight of the financial markets and create a regulatory superagency to oversee "both investor protection and market stability" (LA Times quote). I thought we'd follow up on this with some facts, and a bit of commentary from both sides. You'll hear the bright side, and get a view of the downside to this recent proposal. Shall we begin? We'll start with an overview that lays out the nuts and bolts. H