Obama's Move to Limit 'Reckless Risk' Has Skeptics

This article mainly talks about President Obama’s policy on limiting banks’ 'reckless risks' and expresses people’s doubt about his move. To be specific, the government wants to ban bank holding companies from owning and investing hedge funds and involving in proprietary funds. It also plans to limit consolidation on the financial sector, by curbing on the market share of liabilities at the largest firms. However, the administration’s move is questioned by people. For example, banking executives are perplexed as how his new plan which places new limits on the size and activities of banks would work. At the same time, the mutual fund giant, Josh C. Bogle, also raises question which concerns how much the federal government can actually regulate.