1. Tough or Timid?
- Author
-
STEPHEN LABATON; John Harwood and David Stout contributed reporting.
- Subjects
- *
BANKING industry , *PRESIDENTS of the United States - Abstract
No sooner had President Obama proposed a new regulatory road map for the country's financial system on Wednesday than senior lawmakers expressed reservations about one of the plan's central elements -- to broadly expand the reach of the Federal Reserve to regulate financial risk across the entire system. Mr. Obama said that the plan would protect consumers, impose new restraints on financial behemoths and guard against the murky practices that caused the market crisis. [ABSTRACT FROM PUBLISHER]
- Published
- 2009