Financial-services industry broadly supports Obama's plan:

06/18/2009 | InvestmentNews (free registration)

President Barack Obama outlined his sweeping overhaul of the financial regulatory system, striving to restore confidence in the sector and prevent future crises. The administration's proposal garnered broad support from the financial-services industry. The plan is a "once-in-a-generation opportunity to rebuild our regulatory structure so that our financial system is more stable, more resilient and better underpins a dynamic U.S. economy," SIFMA President and CEO Tim Ryan said.

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