The plan,which includes a proposal to create a new regulating authority to monitor risk in the financial system, has been long in preparation and the subject of discussions between lawmakers and the administration.
VOA: standard.2009.03.26
Chase did createanew federal bank regulatory system and printed federal money for the first time since the Revolutionary War.
When the Clinton administration tried to createanew health-care system, Republicans portrayed it as a looming Frankenstein bureaucracy that would destroy most Americans' high quality of care and usher in the horrors of waiting-lists.