Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Obama Plans Fast Action to Tighten Financial Rules

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
 
Christian30 Donating Member (341 posts) Send PM | Profile | Ignore Sat Jan-24-09 05:33 PM
Original message
Obama Plans Fast Action to Tighten Financial Rules
This makes me happy.

Obama Plans Fast Action to Tighten Financial Rules
By STEPHEN LABATON

WASHINGTON The Obama administration plans to move quickly to tighten the nations financial regulatory system.

Officials say they will make wide-ranging changes, including stricter federal rules for hedge funds, credit rating agencies and mortgage brokers, and greater oversight of the complex financial instruments that contributed to the economic crisis.

Broad new outlines of the administrations agenda have begun to emerge in recent interviews with officials, in confirmation proceedings of senior appointees and in a recent report by an international committee led by Paul A. Volcker, a senior member of President Obamas economic team.

A theme of that report, that many major companies and financial instruments now mostly unsupervised must be swept back under a larger regulatory umbrella, has been embraced as a guiding principle by the administration, officials said.

Some of these actions will require legislation, while others should be achievable through regulations adopted by several federal agencies.


http://www.nytimes.com/2009/01/25/us/politics/25regulat...
Printer Friendly | Permalink |  | Top
grannie4peace Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 05:49 PM
Response to Original message
1. that's our man:):)
Printer Friendly | Permalink |  | Top
 
FrenchieCat Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 05:52 PM
Response to Original message
2. Hardest working man in Government........
That's our President!
Printer Friendly | Permalink |  | Top
 
jillan Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 05:52 PM
Response to Original message
3. When he said 'change' he wasn't joking.
He is wonderful.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Tue Sep 30th 2014, 11:09 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC