Obama’s Plan for Tightening Financial Regulation

President Barack Obama proposed sweeping new "rules of the road" for the nation's financial system.   These changes represent a critically important response to the economic crisis and the greatest regulatory transformation since the Great Depression.   The plan, laid out in an 88-page white paper, was the result of extensive consultations with members of Congress, regulators and industry groups and represented a compromise from bolder ideas … [Read more...]