The White House and the U.S. Treasury Department today released its white paper, Financial Regulatory Reform: A New Foundation calling for the complete overhaul of the financial regulatory system and the creation of a new federal agency charged with protecting consumers and investors from financial abuse.
For more information, see Road to Stability (U.S. Treasury Department, FinancialStability.gov) and New Foundation, New Stability (White House, The Briefing Room, The Blog). For news coverage, see the Wall Street Journal, New York Times and Washington Post.