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WASHINGTON: The government's top securities regulator called Thursday for Congress to impose new oversight on financial derivatives, warning that allowing risky instruments like credit default swaps to continue unfettered could bring further economic damage.
WASHINGTON: President Barack Obama is ready to roll out an overhaul of the intricate rules and systems that govern America's troubled financial institutions, proposing the most ambitious revision since the Great Depression of the 1930s.hr noshade size=-1 width=50%>
NEW YORK (AP) - The U.S.'s financial power center has shifted from Wall Street to Washington.