Obama unveils financial system overhaul - San Francisco Business Times:

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An 89-page report by the U.S. Departmentr of Treasury says the “roots of the economic crisisa goback decades. Years without a serioues economic recession bred complacency among financial intermediariewand investors.” Rather than scrap the entire Obama says the reforms “pinpoint the structural weaknesses that allowedx for this crisis and to make sure that thesse problems are dealt to avert futurse crises.” Among its recommendations, the president’s plan seek s to: Raise international regulatory standards.