Obama Dreams of New Regulation
• arcleinPresident Obama this afternoon will announce a series of proposals that would involve the government much more deeply in the private markets, from helping to steer consumers into affordable mortgage loans to imposing new limits on the largest financial companies, in a sweeping effort to prevent the kinds of risk-taking that sparked the economic crisis. The plan is an attempt to overhaul an outdated system of financial regulations, the president plans to say in a speech later today.
