2010-01-22 18:49:53

World Markets Fall on News of US Bank Overhaul

(22 January 10-RV) World markets fell today, led by bank stocks after President Barack Obama proposed a sweeping overhaul of Wall Street in attempts to avert future financial crises. Obama said he would seek to limit the size and complexity of large financial institutions so that their collapse wouldn't imperil the broader financial system and world economy or cost taxpayer money in bailouts. Joseph Engelhardt is the senior vice president of Capital Alpha partners in WashingtonDC, a political and economics forecasting company. He told us why the markets reacted badly… RealAudioMP3

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