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There has been discussion of the need to overhall America’s financial system for years. This talk ramped up dramatically when the economy went in the tank and many blamed an apparent lack of regulations to keep Wall Street in check. Well after months of intense discussion, the President has rolled out his plan to reform the financial system. This plan is expansive. It covers everything from complex Wall Street trading scenarios to a straightforward home loan.
Given the recent groundswell of support for increased regulations it’s not surprised to see such wide-sweeping proposals for reform, but it can be a lot to process. If you’re looking for a good summary of the President’s plan, read this. There are a bunch of changes in store for the financial sector, what do you think?