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So wake up and grow a set and stop voting for these people...
"We seek a careful balance," Obama said.
"We'll have it done this year," Sen. Chris Dodd, D-Conn., chairman of the Senate Banking Committee
Obama said the plan was designed in consultation with lawmakers, regulators and the institutions it seeks to police..
"Mortgage brokers will be held to higher standards, exotic mortgages that hide exploding costs will no longer be the norm, home mortgage disclosures will be reasonable, clearly written, and concise," Obama said.
"It was easy money," he said. "But these schemes were built on a pile of sand."
...to first obtain Treasury Department approval before extending credit to institutions in "unusual and exigent circumstances."
In conjunction with the Fed's authority over large financial institutions and the new consumer agency, Obama also proposed:...
Obama also proposed: • Additional protections for investors, including greater disclosure by hedge funds, regulation of credit default swaps and over-the-counter derivatives that previously operated outside of government oversight.
together with rules that insist that financial institutions hold more capital for safety's sake.