The plan would give the government new powers to seize key companies whose failure jeopardizes the financial system, as well as creation of a watchdog agency to look out for consumers' interests. The Obama administration this week will propose the most significant new regulation of the financial industry since the Great Depression, including a new watchdog agency to look out for consumers' interests.
Obama To Propose Strict New Regulation Of Financial Industry
Los Angeles Times - Top News, Los Angeles Times
Tue, 06/16/2009 - 12:00am
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