Obama Administration Considers Single Bank Regulator

Banking reforms pushed by the Obama administration may include the creation of a single government agency dedicated to keeping the nation's banks in line, ABC News has confirmed. Critics point to a lack of sufficient financial regulation and enforcement as one of the key contributors to what has become the worst financial crisis since the Great Depression. "The way they propose it, it would create a single banking regulator but keep the other ones (and) just move the powers around," a...Full Story
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