02/24/2009 05:12 am ET Updated May 25, 2011

Obama Plans Sweeping Overhaul Of Nation's Financial Regulations

The Obama administration plans to move quickly to tighten the nation's financial regulatory system.

Officials say they will make wide-ranging changes, including stricter federal rules for hedge funds, credit rating agencies and mortgage brokers, and greater oversight of the complex financial instruments that contributed to the economic crisis.

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