Commentary: Obama needs to act like a trader on regulatory reform

04/22/2010 | Wall Street Journal, The

President Barack Obama should change his political strategy for passing reform of the financial-regulatory system, David Weidner writes. Wall Street lobbyists are poised to water down the legislation through a lobbying push even more expansive than the one mounted by opponents of health care reform. Obama "should deal with financial reform the way Wall Street traders treat deals: Don't leave them a crumb on the table and don't think twice about it," Weidner writes.

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