Strictly Business

   President Obama has formally proposed a new regulatory regime for the nation's financial institutions.

   Unveiling his proposal before an East Room audience, Obama blamed the financial crisis on "a culture of irresponsibility" and outdated financial rules that were created in the wake of the Great Depression of the 1930s but had been "overwhelmed by the speed, scope and sophistication of a 21st century global economy."

- The Associated Press has the story, the bullet points and the video.
- The White House press release/blog is here.
- The Treasury Department's full report is here. 
- Reporting and analysis from The Los Angeles Times, The New York Times, The Wall Street Journal,  The Washington Post, The Guardian and Aljezeera. 

-- George Pyle/The Buffalo News