Financial Regs Overhaul
Mortgage Origination Commission
Broader Oversight
Thrift Supervision
Unified Oversight
Insurance Industry
Consolidating Regulators
 
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The Bush administration proposed March 31, 2008, the most sweeping overhaul of the financial regulatory system since the Great Depression.

The plan would change how the government regulates thousands of businesses from the nation's biggest banks and investment houses down to the local insurance agent and mortgage broker.

Treasury Secretary Henry Paulson unveiled the 218-page plan in a speech in Treasury's ornate Cash Room. He declared that a strong financial system was important not just for Wall Street but also for working Americans.

The plan, which would require congressional approval for its biggest changes, seeks to trim a hodge-podge collection of overlapping jurisdictions that date back to the Civil War.

<<< Click on the topics at left for an overview of key components in the plan. Credits:  CBS/AP