We will know more Wednesday, but it looks like Obama will propose all financial institution be centrally run, by his team.
He also wished to be given the power to dissolve any company he thinks needs to be.
All hail King Obama.
http://money.cnn.com/2009/06/15/news/economy/market_reorganization/index.htm?postversion=2009061512
"The U.S. financial system is far less centralized than other mature economies, according to Geithner, pointing to the between 8,000 and 9,000 banks throughout the country. To hold a vast system accountable, he said that there has to be a more centralized regulation system."
"Another component of the plan, which 'will be available only in extraordinary circumstances,' according to Geithner and Summers, creates an option to dissolve financial companies that are too big to fail."
