Obama Looks to Close Sale on Financial Reform
By JACKIE CALMES
Published: April 21, 2010
WASHINGTON — 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. 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.
By JACKIE CALMES
Published: April 21, 2010
WASHINGTON — 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. 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.
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