Obama pushes new bank regulation

Thu Jan 21, 2010

BBC News

US President Barack Obama has proposed limits to the size of banks to try to prevent future financial crises.

"Never again will the American taxpayer be held hostage by banks that are too big to fail," Mr Obama said.

He recently announced a $117bn levy on banks to recoup money US taxpayers spent bailing out the banks.

Full Story: http://news.bbc.co.uk/2/hi/business/8473294.stm

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