07/17/2009 05:12 am ET | Updated May 25, 2011

Financial Regulatory Overhaul Is Detailed

The Obama administration last night detailed a series of proposals that would involve the government much more deeply in the private markets, from helping to steer consumers into affordable mortgage loans to imposing new limits on the largest financial companies, in a sweeping effort to prevent the kinds of risk-taking that sparked the economic crisis.

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