Student or Learner
How should I understand the underlined?
Thanks in advance.
The laws call for institutions to limit their exposure to any counter-party to no more than 15%.
But the Fed has gone beyond that.
It has proposed that big and important financial institutions should have no more than 10% exposure to any counter-party.
The gentlest line of opposition is that the Fed's net is cast too wide.
As I read it, the Fed's way of acting has met strong criticism. The least that has been said against its acts "is that the Fed's net is cast too wide", that is, that the Fed has gone way too far in its intervention.
Please be aware that I'm neither a native English speaker nor a teacher.