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Wall St.
Wall St.
The problem: Wall Street took on too much risk

Commercial and investment banks piled on debt while they invested in "toxic assets" backed by dodgy mortgages..

Proposed Fix: Obama wants to rearrange the existing tangle of regulators. And that might help. But the plan may not solve the problem that some financial companies remain too big to fail.

Money's grade: C+
By Donna Rosato and Penelope Wang, Money Magazine

NEXT: Ratings agencies
Last updated July 14 2009: 5:54 PM ET
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