Bush Admin Latest Economic Proposal Short on Legislative DetailsQuicklink submitted by Amanda Lang Permalink
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|The proposals - geared more for next recession than this one - call for changes to nearly every segment of the credit markets and mortgage industry, including the creation of natl standards for mortgage brokers, tighter oversight of credit-rating firms and stricter capital requirements for financial institutions making risky investments. The plan's authors did not explain how they would translate their ideas into laws.|
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