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New checks, balances coming to financial industry

April 21st, 2009 9:33 PM by Lehel Szucs

New checks, balances coming to financial industry

A federal regulatory overhaul is in the works. Agency turf battles add to the complexity of the task and time it will take.
By James Oliphant
February 23, 2009
Reporting from Washington -- For weeks, President Obama has been pushing hard on his plan to revive the nation's economy, driving the $787-billion stimulus package through Congress, following up with a plan for homeowners facing foreclosure and readying a strategy for reviving the moribund credit system.

But on one crucial piece of his overall strategy, Obama and his economic team have kept a relatively low profile: an overhaul of the federal regulatory system that sets and enforces the rules under which banks, hedge funds, stockbrokers and the rest of the nation's financial institutions must operate.



Posted in:General
Posted by Lehel Szucs on April 21st, 2009 9:33 PM

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