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Obama Overhaul Should Provide Better Investor Protection
But don’t expect regulatory reform of the financial industry anytime soon…
The Obama Administration has provided Congress with a proposed overhaul of financial industry regulations that is sweeping in its coverage to say the least, the most serious attempt to protect investors since the 1930’s, but guaranteed to have Wall Street and its powerful friends taking up arms against it.
And there’s more than enough in it to have Wall Street fighting back – much as they did with the reforms proposed in the 1930’s, after the 1929 crash.
Before the Securities and Exchange Act was finally passed in 1934, Sam Rayburn,…
What Obama’s Financial Reform Proposals Mean For You
On Wednesday, President Obama unveiled his vision for the most comprehensive overhaul of the financial system in decades – an 88-page proposal that, among other things, includes granting the Federal Reserve more regulatory oversight.
Here are three measures that make up a large chunk of Obama’s financial reform plan – and what they could mean for you and your finances…
Will Obama’s New Financial Safety Net Catch All The Falling Knives?
- The Consumer Financial Protection Agency: The primary function of this new regulatory body will aim to protect borrowers from mortgage fraud and unscrupulous credit practices.
Irresponsible borrowers who now find themselves underwater will get…
22Jun2009 | Smart Profits Report | 0 comments | Continued
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