Obama Looks to Close Sale on Financial Reform – DealBook Blog – NYTimes.com


Just over three years ago, early in his uphill campaign for president, Senator Barack Obama wrote to the Federal Reserve chairman and the Treasury secretary calling for a summit conference to address signs of trouble in the housing and financial markets, Jackie Calmes reports in The New York Times.

While Mr. Obama could not have known how bad things would get, then as now he saw a muscular role for government in enforcing regulations in the public’s interest, while weighing them against the industry’s interests so both would benefit.

via Obama Looks to Close Sale on Financial Reform – DealBook Blog – NYTimes.com.

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