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Financial Reform and Obama The worst crisis since the Great Depression is entering its third year-the recession actually began in late 2007. Trillions of dollars have been lost worldwide, both on the balance sheets of financial institutions, and more profoundly in lost GDP and employment. Yet so far there is no serious legislation in the pipeline that would address the causes of the meltdown by radically overhauling the banking and mortgage-finance systems and regulating trade in risky assets like derivatives. By Robert Johnson Friday, November 6, 2009 Read more...(2 Pages)
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