Obama Preps New Regulations

President Obama is finally set to unveil his overhauling of the nation’s financial regulatory system on Wednesday. What should we expect? His plan, according to the Associated Press, will try to address four weaknesses: 1) The lack of an “all-seeing” entity to spot institutional threats; 2) the inability to unwind large institutions that threaten the industry before they fail; 3) the undercapitalization of large institutions; and 4) lack of protection for consumers from reckless borrowing and credit decisions. Hopefully, it will also make peace between these guys.