Obama Admin Readies Pitch for Regulation Overhaul
On Wednesday, President Obama will make a speech unveiling the administration's proposal for overhauling the regulatory system. Treasury Secretary Tim Geithner and National Economic Council director Larry Summers give a general outline today in the Washington Post. And here's the Wall Street Journal on what you can expect:
At the center of the plan, which administration officials are referring to as a "white paper," is a move to remake powers of the Federal Reserve to oversee the biggest financial players, give the government the power to unwind and break up systemically important companies — much like the Federal Deposit Insurance Corp. does with failed banks — and create a new regulator for consumer-oriented financial products, according to people involved in the process.
Other links this morning:
Federal Intervention Pits 'Gets' vs. 'Get-Nots' (WSJ)
As U.S. Overhauls the Banking System, 2 Top Regulators Feud (NYT)
Penetrating the Maze of Mortgage Relief (NYT)
Avoiding Firms That Prey On Troubled Homeowners (NYT)
F.D.I.C. Is Watching as GMAC Bank Sets Rates (NYT)
Short on Time and Options, Lawyers Remade Chrysler (NYT)
Lender’s Role for Fed Makes Some Uneasy (NYT)
As big banks return their TARP money, Fannie Mae and Freddie Mac continue to be a drain.
Latest Stories in this Project
- Search the Fed's Documents Detailing Their Lending to Banks During the Crisis
- Behind Administration Spin: Bailout Still $123 Billion in the Red
- The Bailout Yearbook: The Stars and the Slackers
- Identifying Suspicious Short Selling, But Not Who's Behind the Trades
- Treasury's 'Point Man' on AIG Bailout That Benefited Goldman, Owned Goldman Stock
Get Updates
Our Hottest Stories
- Donations to Scott Walker Flagged as Potential Fraud
- In Race For Better Cell Service, Men Who Climb Towers Pay With Their Lives
- Billion Dollar Bait & Switch: States Divert Foreclosure Deal Funds
- Pardon Attorney Torpedoes Plea for Presidential Mercy
- Patient Died at New York VA Hospital After Alarm Was Ignored
- Finding Oscar: Massacre, Memory and Justice in Guatemala
- Introducing the ProPublica Patient Harm Community on Facebook
- Built for a Simpler Era, OSHA Struggles When Tower Climbers Die
- Got Student Loans? Share Your Documents With Us
- Remember Stuxnet? Why the U.S. is Still Vulnerable
- Donations to Scott Walker Flagged as Potential Fraud
- Pardon Attorney Torpedoes Plea for Presidential Mercy
- In Race For Better Cell Service, Men Who Climb Towers Pay With Their Lives
- Air Force Pilots Balk at Flying the World’s Most Expensive Fighter Jet
- Patient Died at New York VA Hospital After Alarm Was Ignored
- Watchdog Group Calls for Probe of Lobbyists Behind Congressional Trip to Taiwan
- Billion Dollar Bait & Switch: States Divert Foreclosure Deal Funds
- Finding Oscar: Massacre, Memory and Justice in Guatemala
- Broadcasters Sue to...Block Transparency
- Happy Graduation! Here's The Best, Most Depressing Journalism on Student Debt
