AP Sources: White House tells industry it’s leaning toward Fed becoming financial supercop

WASHINGTON — The Federal Reserve could become the supercop for “too big to fail” companies capable of causing another financial meltdown under a proposal being seriously considered by the White House.

AP Sources: White House tells industry it’s leaning toward Fed to become financial supercop

WASHINGTON — The White House is telling industry officials it is leaning toward wanting the Federal Reserve to become the supercop for “too big to fail” companies capable of causing another financial meltdown.