LA Times: Financial Industry’s Anxiety is Rising Over Obama’s Plan

The Los Angeles Times recently ran this piece about President Obama’s new financial reform proposals, focusing on those which tackle high-risk securities trading and investments in private equity funds and hedge funds.

“The staging of the proposal’s unveiling — presented at the White House by Obama himself, backed by his economic team — was designed to make a statement, Washington insiders said.

“The way they unveiled it clearly indicated that they intend to have a significant impact,” said Lauren Weiner, spokeswoman for Americans for Financial Reform, a coalition of 200 consumer groups and other organizations.”

To read the full article, click here.