Economist on financial reform push

Max Fraad Wolff tells Al Jazeera Obama is trying to put pressure on Wall Street.

    The US president is promoting his ideas for new financial regulation.

    Among the proposals Barack Obama is pushing, are limiting the size of banks and the risks they can take, and restricting the use of financial instruments, such as derivatives, which contributed to the economic crisis, as well as protecting US taxpayers from having to bail out faltering companies.

    Al Jazeera spoke to economist Max Fraad Wolff, who said the president is trying to put some pressure on Wall Street.

    SOURCE: Al Jazeera


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