President Barack Obama, eager to harness and redirect voter anger over bank bailouts, is ramping up his clampdown on Wall Street.
Building on his own proposals and the work of the House, the president wants new federal government powers to limit the size and complexity of large financial institutions and to limit their ability to engage in high-risk trades.
Obama will make the announcement Thursday, a senior administration official said, in a bipartisan display aimed at capitalizing on the one issue in his agenda still standing after a devastating Democratic electoral loss in Massachusetts.
source: Globe and Mail
