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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.
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OpedNews volunteer from 2005 to 2013.

Amanda Lang was a wonderful member of the Opednews team, and the first volunteer editor, for a good number of years being a senior editor. She passed away summer 2014.

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