The White House plans to create a...

The White House plans to create a new group that will make final, unified Reagan Administration recommendations on how to prevent another stock market collapse, according to a published report in the New York Times. The White House, whose Brady Commission task force already has made such recommendations, is reportedly creating a new interagency committee to develop a consolidated position in the next 60 to 90 days. The committee, which would be headed by Treasury Secretary James A. Baker III, would include top officials of the Federal Reserve, Securities and Exchange Commission and Commodity Futures Trading Commission, the newspaper stated in today’s editions.