2 ms·
The Fed isn't responsible for regulation and isn't a central bank like the bank of france or something. I immediately said, in that thread "if you mean the fed
by jbooth 15y ago
The Fed isn't responsible for regulation and isn't a central bank like the bank of france or something. I immediately said, in that thread "if you mean the fed.." and explained why they have nothing to do with the noun regulation.
Thanks for the counter-condescension.
To the original point, they don't write regulation and it's hard to call a fixture of the last 80 years "regulation responsible for a recent incident", due to the fact that at some point there was a law.
- doyoulikeworms 15y agoNot sure if trolling. Either way, this is my last post in this silly thread of yours. "reg·u·la·tion [reg-yuh-ley-shuhn] noun 1. a law, rule, or other order prescribed by authority, especially to regulate conduct. ..." http://dictionary.reference.com/browse/regulation http://dictionary.reference.com/browse/regulation "The Federal Reserve System (also known as the Federal Reserve, and informally as the Fed) is the central banking system of the United States. Its duties today, according to official Federal Reserve documentation, are to conduct the nation's monetary policy, supervise and regulate banking institutions, maintain the stability of the financial system and provide financial services to depository institutions, the U.S. government, and foreign official institutions." http://en.wikipedia.org/wiki/Federal_Reserve_System http://en.wikipedia.org/wiki/Federal_Reserve_System "Mission... supervising and regulating banking institutions to ensure the safety and soundness of the nation's banking and financial system and to protect the credit rights of consumers..." http://www.federalreserve.gov/aboutthefed/mission.htm http://www.federalreserve.gov/aboutthefed/mission.htm (Emphases mine)