February 15, 2011
By Bart Chilton
President Barack Obama's newly proposed budget for fiscal year 2012 strikes an admirable equilibrium. In the area of financial market regulation, it is both fiscally responsible and calls for needed financial oversight and enforcement funding.
If you go back to the beginning of our most recent economic meltdown, it's clear that lax regulation helped create the mess that dragged down the biggest banks and insurers in the country, leaving taxpayers with the bill to bail them out. Wall Street had become a Wild West casino and now Main Street continues to struggle to get back on its feet…
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Last Updated: February 15, 2011