Obama to Outline Biggest Regulatory Overhaul Since 1930s

President Barack Obama is poised Wednesday to outline the biggest financial regulatory overhaul since the Great Depression, part of sweeping measures by the administration to prevent a future economic crisis as severe as the current one. "The broad principle is that a lack of oversight, a series of regulatory gaps, allowed financial institutions -- not just banks, but non-bank institutions -- to engage in wild risk-taking that didn't simply imperil those institutions, but imperiled the United...Full Story
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