Obama’s Proposed Harsher Financial Regulations May Have Chicago Benefit

April 29, 2010  |  

(Medill Reports) — President Barack Obama explained in broad strokes to a downstate Quincy audience Wednesday the four points of his proposed financial reforms: accountability and ending bailouts, closure of loopholes on derivatives, consumer protections and shareholder say on executive pay.  But financial experts here said that some elements of the reforms, despite resistance in New York, may have unique benefits in Chicago.

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