Obama Proposes New Banking Regulations

by John Ydstie, NPR

President Obama called Thursday for new rules limiting the size and scope of Wall Street's biggest banks. The proposal would create new regulations on what banks can do with their own capital. Administration officials say they want to place firewalls between different divisions of financial companies so federally insured deposits can't be used to subsidize speculative trading.

Broadcast Dates

• All Things Considered, January 21, 2010