WASHINGTON (AP) -- President Barack Obama, eager to harness and redirect U.s. voter anger over bank bailouts, is ramping up his war on Wall Street Thursday by pushing tougher regulation of big banks.
Building on his own proposals and the work of the House of Representatives, the president wants new federal government powers to limit the size and complexity of large financial institutions and to limit their ability to engage in high-risk trades, an administration official said late Wednesday.
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