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Obama Sought to Enlist a Wide Consensus on Finance Rules

New York Times Original article ›

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President Obama's new rtegulatory reforms in final form as they go to Congress for passage. Exrtensive preparatory meetings with financial firms and industry participants, legislators, and consumer agencies and otehrs between Summers, Geithner and their aides and these firm's executives and leaders before the reforms were worked out.

A new U.S. regulatory framework is outlined in an 85 page white paper put out by the White House.

06/17/2009

THe Fed gets increased powers to oversee large financial firms. A new consumer agency to protect consumers of credit cards, mortgages and other products would be created with powers to stem abuses. And new rules and oversight over mortgage securites and derivatives trading.

Grouped Articles

Cordray Picked to Head Consumer Financial Protection Bureau

New York Times 07/17/2011

Bank Challenger Picked to Run Consumer Agency

Wall Street Journal 07/18/2011

Obama Blueprint Deepens Federal Role in Markets

Washington Post 06/17/2009

Obama Sought to Enlist a Wide Consensus on Finance Rules

New York Times 06/17/2009

Draft Details New Rules for Markets

Wall Street Journal 06/17/2009

Consumer Agency to Seek an Expansive Role

Wall Street Journal 06/17/2009


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