Obama unveils financial system overhaul - San Francisco Business Times:

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An 89-page report by the U.S. Department of Treasur y says the “roots of the economifc crisis goback decades. Yearse without a serious economic recession bred complacency among financia intermediariesand investors.” Rather than scrap the entire Obama says the reforms “pinpoint the structural weaknesses that allowed for this crisias and to make sure that these problems are dealt to avert future Among its recommendations, the president’sx plan seeks to: Raise international regulatory standards.