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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: zamboz who wrote (22900)	9/23/2009 10:07:36 AM
From: DebtBomb	Read Replies (1) \| Respond to of 71456

Obama’s financial overhaul losing momentum Banks find Capitol Hill more receptive to their opposition than a year ago WASHINGTON - President Barack Obama’s attempt to tighten the government’s reins on Wall Street is losing momentum as banks gain traction against his proposal for increased consumer protections and key lawmakers question his call for standardized financial products. That the financial industry could successfully push back against such a plan would have been unthinkable a year ago, when the markets teetered on the brink of collapse. But as anger over Wall Street greed and arrogance has begun to ebb, the industry is finding breathing room it needs to make its case. “The sense is that people are taking a more deliberative approach, and I think that is very beneficial,” said Wayne Abernathy, executive vice president of the American Banker’s Association. msnbc.msn.com