Wall Street Journal — Single-Regulator Plan for Banks Now Close
The Obama administration has more rocks for Congress to break this year, as a plan for a highly-centralized, more powerful financial regulatory agency takes shape.
It would amount to the biggest regulatory overhaul since the New Deal – possibly bigger – and would be aimed at ironing out risk and eliminating bubbles. Writer Damian Paletta explains that insurance companies, investment firms, hedge funds and others are all going to get a taste, but up first it’s banking.
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