Law360, New York (June 17, 2009, 12:00 AM EDT) -- For months, President Barack Obama and his financial team have been promising a sweeping reorganization of the nation's financial regulatory structure. And on Wednesday, the president unveiled what he called “a transformation on a scale not seen since the reforms that followed the Great Depression.”
Indeed, the plan is sprawling, an 88-page document that touches everything from monitoring systemic risk to making sure people can get a mortgage without pages and pages of fine print.
The first pillar of the Obama overhaul is a broad focus...
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