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Obama pushes for Wall Street overhaul

Passage of a sweeping overhaul of Wall Street regulations in 2010 was a hallmark of President Barack Obama's first term. Three years later, amid delays and compromises that critics say have diluted its ambitious goals, the president is trying to rekindle the law's promise.

By Jim Kuhnhenn | Updated on August 20, 2013
(AP Photo/Richard Drew, File)

WASHINGTON (AP) — Passage of a sweeping overhaul of Wall Street regulations in 2010 was a hallmark of President Barack Obama’s first term. Three years later, amid delays and compromises that critics say have diluted its ambitious goals, the president is trying to rekindle the law’s promise.

Obama prodded the nation’s top financial regulators on Monday to act swiftly and finish writing rules designed to prevent a recurrence of the 2008 financial crisis that helped precipitate a damaging recession from which the country is still recovering.

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