In the most sweeping financial reform proposal since the Great Depression, President Barack Obama unveiled plans to overhaul the U.S. financial regulatory system, saying the events that led to the U.S. financial crisis make the proposed changes necessary.
In the most sweeping financial reform proposal since the Great Depression, President Barack Obama unveiled plans to overhaul the U.S. financial regulatory system, saying the events that led to the U.S. financial crisis make the proposed changes necessary.
Perhaps most significant, President Obama called for putting the U.S. Federal Reserve in charge of monitoring what he called the "systemic risk" to the economy that may be posed by the largest financial firms.
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Reuters
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