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How A Financial Products Agency Could Protect Investors And The Economy

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Traders work on the floor of the New York Stock Exchange Tuesday, Feb. 28, 2012.
Traders work on the floor of the New York Stock Exchange Tuesday, Feb. 28, 2012.

The Food and Drug Administration vets new drugs before they reach the market. But imagine if there were a Wall Street version of the F.D.A. — an agency that examined new financial instruments and ensured that they were safe and benefited society, not just bankers.

Read the whole story at The New York Times