President Barack Obama is set to toughen his approach to Wall Street regulation on Thursday, announcing limits on the size of propietary trading operations in the second broadside against banks this month.
“The proposal will include size and complexity limits specifically on proprietary trading and the White House will work closely with [the House of Representatives] and Senate to work this into legislation moving on the Hill," an administrative official said.
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http://www.nytimes.com/2010/01/21/business/21volcker.html?hp
