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Obama Aims To Limit Banks' Size, Proprietary Trading

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Obama Aims To Limit Banks' Size, Proprietary Trading

Business

Obama Aims To Limit Banks' Size, Proprietary Trading

Obama Aims To Limit Banks' Size, Proprietary Trading

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  • <iframe src="https://www.npr.org/player/embed/122799586/122799550" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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President Obama says the banks are still operating under the same rules that led to last year's financial meltdown. Speaking this hour at the White House, Obama said he wants to limit the size of the banks and prohibit them from trading on their own behalf, called proprietary trading. The White House wants Congress to add the proposal to legislation aimed at regulating the financial industry.

RENEE MONTAGNE, host:

NPR's business news starts with a plan for new restrictions on big banks.

(Soundbite of music)

MONTAGNE: President Obama says the banks are still operating under the same rules that led to last year's financial meltdown. Speaking this hour at the White House, Mr. Obama said he wants to limit the size of the banks and prohibit them from trading on their own behalf, called proprietary trading. The White House wants Congress to add the proposal to legislation aimed at regulating the financial industry.

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