With the dust still settling after the SEC’s announcement that it was investigating a derivatives deal engineered by Goldman Sachs and Paulson & Co., President Obama will address the need for heightened regulations in a speech in New York later today. Saying that if we do not learn from past mistakes, we are doomed to repeat them, the President is expected to not only make the case for stricter regulations, but also warn bankers not to fight the changes.
Source: BBC News
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