An article in yesterday’s New York Times talked about new efforts from the White House on behalf of financial reform legislation.
The Obama administration redoubled its efforts on Tuesday to overhaul the nation’s financial regulations, saying it would not back down from its efforts to restrict the trading activities of banks and to create a consumer agency to regulate financial products.
In an attempt to thwart fierce lobbying against those measures, among others, the Treasury secretary, Timothy F. Geithner, summoned leaders of the United States Chamber of Commerce, the American Bankers Association, the Financial Services Forum and other groups to a meeting on Thursday to urge them not to obstruct the legislative effort.