reportonbusiness.com: notSet

Posted AT 11:47 PM EST on 28/03/08

U.S. proposes overhaul of financial regulation

MARTIN CRUTSINGER

THE ASSOCIATED PRESS

WASHINGTON — The Bush administration is proposing a sweeping overhaul of the way the nation's financial industry is regulated. In an effort to deal with the problems highlighted by the current severe credit crisis, the new plan would give major new powers to the Federal Reserve, according to a 22-page executive summary obtained Friday by The Associated Press.

The full text of this article has 398 words.

To continue reading this article, you will need to purchase this article.

Already have a member account? Login now

Pay-Per-View Offers To read the complete article, select one of the following options

Purchasing from globeandmail.com is quick and secure.

TSX
DJIA
S&P
Nasdaq

Market	Change	Value
Data delayed 15 minutes
S&P/TSX	+430.63	8,155.39
DJIA	+494.13	8,046.42
S&P 500	+47.59	800.03
Nasdaq	+68.23	1,384.35

Stock Profile	Sponsored by:
Profile Quote Lookup

The close: Late flurry is on the up side

Geithner report provides spark

Technology


Finding the perfect gadget: Need a present for mom, dad, son, daughter, friend, colleague?

Most Popular

Rank	Headline
1.	Caisse rejects talk of financial difficulties 4:40 PM 41
2.	GM closes Oshawa truck plant earlier than planned 2:07 PM 87
3.	Loonie ‘firmer' after Thursday's plunge 5:00 PM 3
4.	HudBay buys Lundin for $814-million 1:14 PM 7
5.	Oil edges higher 4:02 PM 4
6.	BMO reports quarterly earnings, Tuesday 3:19 PM
7.	Citigroup slides below $4 a share 11:24 AM 13
8.	Young Mr. Weston's fresh take catching on 3:41 AM 52
9.	U.S. stocks edge higher after steep sell-off 11:17 AM 24
10.	HudBay, Lundin merge in $814-million deal 12:46 PM 3

Rank	Headline
1.	Pirate humour rules Wall Street 11:20 AM 9
2.	Caisse rejects talk of financial difficulties 4:40 PM 41
3.	Clinton has agreed to be secretary of state, reports say 5:12 PM 9
4.	Can anyone stop Ignatieff? 3:55 PM 4
5.	GM closes Oshawa truck plant earlier than planned 2:07 PM 87
6.	Teen commits suicide in front of webcam 12:57 PM 9
7.	Loonie ‘firmer' after Thursday's plunge 5:00 PM 3
8.	Weekly Top 10 4:17 PM
9.	Car dealers plead for government help 12:44 PM 185
10.	HudBay buys Lundin for $814-million 1:14 PM 7

Rank	Headline
1.	Caisse rejects talk of financial difficulties 4:40 PM 40
2.	Baby in buggy better facing parent 9:54 AM 36
3.	Pirate humour rules Wall Street 11:20 AM 9
4.	Where have all the hedgies gone? 2:48 PM
5.	A toke a day keeps memory loss at bay 20/11/08 4:20 AM 96
6.	Will a few weeks off from exercise hurt me? 9:41 AM 19
7.	The Aga Khan: faith and action 20/11/08 11:35 PM 29
8.	Skip the doctor's office, go right to the drugstore 9:12 AM 37
9.	Young Mr. Weston's fresh take catching on 3:41 AM 52
10.	Railway consortium wins insurance battle 1:12 PM 10

Rank	Headline
471	Liberals rip Harper as debate begins 471
281	Airlines lose in appeal against disabled 281
255	He learned from mistakes as Ontario premier, Rae says 255
216	'Kick a ginger' prank gets police seeing red 216