The New York Times
Thu, April 22, 2010 -- 6:00 AM ET
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Obama Lays Out Demands for Regulating Financial Industry
President Obama is traveling to the shadow of Wall Street on
Thursday to counter what he calls "the furious efforts of
industry lobbyists" trying to weaken or kill new financial
regulations that he says are needed to stave off a second
Great Depression.
As the Senate debates how to rewrite rules governing the
financial industry, Mr. Obama will lay out the elements he
insists must be in any legislation to get his signature.
Among them are more consumer protections, limits on the size
of banks and the risks they can take, reforms on executive
compensation and greater transparency for controversial
securities known as derivatives.
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