Archive for the ‘financial regulation’ Category

Treasury’s Paulson unveils financial plan

March 31, 2008
By MARTIN CRUTSINGER, AP Economics Writer

WASHINGTON – The Bush administration is proposing the most sweeping overhaul of the financial regulatory system since the Great Depression.

The plan would change how the government regulates thousands of businesses from the nation’s biggest banks and investment houses down to the local insurance agent and mortgage broker.

Treasury Secretary Henry Paulson unveiled the 218-page plan in a speech in Treasury’s ornate Cash Room. He declared that a strong financial system was important not just for Wall Street but also for working Americans.

The administration’s plan was already drawing criticism from Democrats that it does not go far enough….

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http://news.yahoo.com/s/ap/20080331/ap_on_go_ca_st_pe/fed_overhaul;_
ylt=AkgOZSBc1zePyHV7bypb6tus0NUE

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