Obama for tough laws to rein in lenders
China Daily | Updated: 2009-02-25 08:11
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US Treasury Secretary Timothy Geithner listens as President Barack Obama speaks about executive compensation at the White House in Washington, DC recently. Bloomberg News |
President Barack Obama is gambling he can dispel the cloud of uncertainty that has driven bank shares to a two-decade low by subjecting lenders to rigorous reviews and reviving the market for their toxic assets.
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