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Article: Obama's hands-on finance policy; President scolds Wall Street 1 year after Lehman collapse.(PAGE ONE)
- Article from:
- The Washington Times (Washington, DC)
- Article date:
- September 15, 2009
CopyrightCOPYRIGHT 2009 The Washington Times LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Sean Lengell and Matthew Mosk, THE WASHINGTON TIMES
Despite continued populist fury directed at Wall Street a year after the market meltdown, President Obama is fighting a strong headwind as he pushes for tougher regulation of the financial services industry.
Lawmakers of both parties on Capitol Hill are raising questions about parts of Mr. Obama's far-reaching reform agenda, which also faces fierce and well-financed resistance from many of the major private-sector banking and investment lobbies.
Mr. Obama traveled to Wall Street on Monday to deliver a tempered scolding to corporate executives. He said they have a moral obligation to ...