Obama plan targets 'critical weaknesses'
China Daily | Updated: 2009-06-17 08:07
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US President Barack Obama speaks at Nellis Air Force Base in Nevada. Bloomberg News |
WASHINGTON: The Obama administration will target critical weaknesses in the troubled US financial system, such as thin bank capital cushions and eroded lending standards, when it proposes an overhaul of financial regulation this week, two senior officials said.
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