AAP – January 22, 2010 9:34AM
Mr Obama’s plans are to limit “excessive” risk taking and “protect” taxpayers, aimed at preventing banks or finance institutions from owning, investing in or sponsoring hedge fund or private equity funds.
The Nasdaq composite tumbled 25.55 points (1.12 per cent) to 2265.70 and the Standard & Poor’s 500 index dropped 21.56 points (1.89 per cent) to 1116.48.
