Citation :
US: Text from White House: "1. Limit the Scope-The President and his
economic team will work with Congress to ensure that no bank or
financial institution that contains a bank will own, invest in or
sponsor a hedge fund or a private equity fund, or proprietary trading
operations unrelated to serving customers for its own profit. 2. Limit
the Size- The President also announced a new proposal to limit the
consolidation of our financial sector. The President's proposal will
place broader limits on the excessive growth of the market share of
liabilities at the largest financial firms, to supplement existing caps
on the market share of deposits. 3. In the coming weeks, the President
will continue to work closely with Chairman Dodd and others to craft a
strong, comprehensive financial reform bill that puts in place common
sense rules of the road and robust safeguards for the benefit of
consumers, closes loopholes, and ends the mentality of TBTF."
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