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Keyword: financialrestraints

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  • Analysis: Pendulum swings to financial restraints (Tom Raum/AP)

    03/26/2009 5:04:07 PM PDT · by NormsRevenge · 6 replies · 300+ views
    AP on Yahoo ^ | 3/26/09 | Tom Raum - ap
    WASHINGTON – Capitalism can't always be trusted. If you're too big to fail, you're too big to make all your own decisions, according to the emerging view in Washington. Three decades after Ronald Reagan launched a determined campaign to ease government regulations on business, the pendulum is swinging the other way. "Too big to fail is the right size to regulate," declares Rep. Al Green, D-Texas. Riding a wave of public anger over Wall Street greed and government bailouts, the Obama administration on Thursday unveiled a far-reaching plan for "better, tougher, smarter" rules over big financial companies. The plan would...