MARTIN CRUTSINGER, AP Economics Writer, WASHINGTON – The Bush administration is proposing the biggest overhaul of financial regulation since the Great Depression. The 200-page document. . .proposes giving broad new powers to the Federal Reserve to combat the type of severe credit crisis currently gripping financial markets.I don’t want to be accused of over-simplifying, but [...]

NEW YORK (Reuters) – “Democratic presidential candidate Barack Obama called on Thursday for a second economic stimulus package of $30 billion and for greater oversight of the U.S. financial system to prevent another housing crisis. “First, this plan is not much different from those proposed by all candidates. I have no ax to grind with [...]