Bush Admin Latest Economic Proposal Short on Legislative Details

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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.

Read the rest of the story HERE:

At www.washingtonpost.com

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