Democrat Lawmakers Willing to Drop ‘Plain Vanilla’ Concept in Revised Consumer Protection Scheme
September 24, 2009
Industry groups have secured some key concessions from members of Congress as lawmakers pledge to press ahead on the Obama administration’s controversial proposal to create a Consumer Financial Protection Agency. At the top of the list is the removal of a requirement that consumers be offered ‘plain vanilla’ financial products and another that providers ensure consumers fully...
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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