>"The Federal Reserve, already arguably the most powerful agency in the U.S. government, will get sweeping new authority to regulate any company whose failure could endanger the U.S. economy and markets under the Obama administration's regulatory overhaul plan. " -- emphasis mine
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>I heard it on CNN. Seasoned campaigners know to propose something horrific to start with so that people will be relieved when you propose what you actually intend.

Agreed. However, the envelope is really being pushed right now. Health care, financial and energy reforms combined with a supreme court nominee all being pushed to complete before the August recess. That's a break neck pace Nascar could appreciate.

>Not sure whether that's the game but this would be a monumental power. "sweeping" is a dangerous term.

Yep.