After the financial crisis of the late 2000s, President Obama and Congress considered adding to the Federal Reserve's functions by making it the nation's primary regulator of

Question

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After the financial crisis, one of the major concerns was the systemic risk posed by the interconnectedness of financial institutions and markets. Therefore, adding to the Federal Reserve's functions as the primary regulator of systemic risk was considered a way to address this issue and prevent future crises. Default risk, credit risk, and investment risk are all related to individual entities or transactions and are already regulated by other agencies.

After the Financial Crisis of the Late 2000s, President Obama