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Obama proposes overhaul of US banking regulations

Published: 18 June, 2009, 04:08


Illustration by Paul Vismara

Barack Obama has proposed the largest overhaul of American finance since the Great Depression. But as he plans to increase regulation and government oversight of the financial sector, some economists remain skeptical.

 
1 COMMENT
Paul June 17, 2009, 23:28 quote
0

"However, critics fear the reforms will only lead to additional state intervention." ---Yeah, now that it's their turn to sacrifice. They were certainly not worried about 'state intervention' in September and October of last year when they got billions of taxpayer dollars!

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