Obama turns to Wall Street vets, raises doubts of reform

11/19/2008 | Bloomberg

President-elect Barack Obama's acceptance of advice from longtime Wall Street insiders suggests that he will not clamp down hard on the financial system. If Obama opts for mild regulation, he could be in head-to-head conflict with his party in Congress, in which Democrats think they gained power in the Nov. 4 election because voters want "dramatic changes."

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