"Stocks were plunging again this morning as nervous investors sold ahead of President Barack Obama's announcement of new limits on the size and risk taking by the biggest U.S. banks. Banks would no longer be allowed to own, sponsor or invest in hedge funds or private equity funds for their own profit, Obama said. "If these folks want a fight, it's a fight I'm ready to have," Obama said, referring to the banking lobby. Stocks sank lower as the president outlined his proposal ..."
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