Obama To Propose New Limits On Banks, Revive ‘Spirit Of Glass Steagall’

by The Huffington Post News Team on January 20, 2010

WASHINGTON — President Barack Obama on Thursday is expected to propose new limits on the size and risk taken by the country’s biggest banks, marking the administration’s latest assault on Wall Street in what could mark a return — at least in spirit — to some of the curbs on finance put in place during the Great Depression, according to congressional sources and administration officials.

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Obama To Propose New Limits On Banks, Revive ‘Spirit Of Glass Steagall’

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