This afternoon, President Obama will lay out a comprehensive regulatory reform plan to modernize and protect the integrity of our financial system. While the current financial crisis has had many causes, it is clear that the government could have done more to prevent these problems from growing out of control and threatening our overall economy.The President is scheduled to deliver remarks at 12:50 PM Eastern, and will be joined by Treasury Secretary Tim Geithner, representatives from the regulatory community, consumer groups, the financial industry and members of Congress. We'll have more coverage of the announcement later in the day.
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