Obama And The Banks: No Real Consensus On Financial Reform

WASHINGTON — After meeting with bank executives, President Barack Obama noted “a big gap” between the CEOs and their lobbyists on his campaign to rewrite the rules governing the financial industry. The CEOs “support reform,” Obama said, but their lobbyists have been sending a different message.

Appearing separately after the meeting, the bankers seemed to agree. “We’re going to do a better job … to work with the lobbyists” to address that disconnect, US Bancorp CEO Richard Davis said.

Read more: Goldman Sachs, JPMorgan Chase, Wall Street, Lobbyists, Financial Reform, American Bankers Associatin, Banks, Consumer Protection Agency, Obama, Financial Lobby, Business News


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