Sounds like someone might be running out of patience. It's hard to see how it could have been accepted (if not embraced) for this long but provided change is coming, that would be good progress. If there is a change, how hard will Obama fight against these very strong interests who are shafting Americans? Hopefully the health care reform saga is not what they consider "fighting back." Obama really needs an ass-kicker to take this one on though it would be highly out of character.
White House officials say they are growing frustrated that the banking industry is fighting President Barack Obama’s plan to overhaul financial regulations after taxpayer bailouts helped firms restore profits and near- record compensation for executives.
Their anger is directed even at firms such as New York’s JPMorgan Chase & Co. and Goldman Sachs Group Inc. that have paid back their government assistance and reported a surge in third- quarter earnings this week. The issue, according to administration officials, is the industry is generally on sound footing because of government help and lobbying against Obama’s regulatory plans goes against the nation’s long-term interest.
“We are disappointed by the lobbying of anyone in the financial industry against regulatory reform, considering the obvious need for change on that front,” Valerie Jarrett, a senior adviser to Obama, said.
