Calabria Sees Obama Bank Plan `Watered Down' by Congress: Video

Jan. 21 (Bloomberg) -- Mark Calabria, director of financial regulation studies at the Cato Instit...  More »

Jan. 21 (Bloomberg) -- Mark Calabria, director of financial regulation studies at the Cato Institute, talks with Bloomberg's Mark Crumpton about President Barack Obama's call for limiting the size and trading activities of financial institutions. The proposals will be part of an overhaul of regulations and would specifically prohibit banks from running proprietary trading operations or investing in hedge funds and private equity funds. (Source: Bloomberg)  « Less