With thanks to the GARP daily newsletter. Sounds like Obama's right on target......
Jun. 19--The American Bankers Association doesn't like President Obama's plan to ramp up regulation of the financial services industry.
The plan is "so vast and controversial that it will be extremely difficult to enact and will produce great uncertainty in the financial markets and among financial regulators while it is pending," association President Edward Yingling said in a prepared statement released after Obama unveiled his plan Wednesday.
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