“Mike Bloomberg on Tuesday rolled an ambitious plan to rein in Wall Street, echoing platforms of some of his more liberal Democratic rivals,” CNBC reports.
“Bloomberg’s plan would bolster many of the reforms either put in place or strengthened as part of the 2010 Dodd-Frank Act in response to the Great Recession, a crisis that some blamed on Wall Street banks.”
New York Times: “Perhaps the most surprising proposal, given the billionaire’s close personal ties to Wall Street movers and shakers, is a plan for the Justice Department to create a dedicated team to fight corporate crime by ‘encouraging prosecutors to pursue individuals, not only corporations, for infractions.'”
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