As the Barack Obama administration strives to restructure financial oversight, leading banking regulators are pushing back and defending their turf. The regulators voiced their defiance at a Senate Banking Committee hearing despite an earlier warning from Treasury Secretary Timothy Geithner. Sens. Charles Schumer and Christopher Dodd said Congress and the White House must consider the big picture. "Our job here is not to protect regulators," Dodd said.

Full Story:

Related Summaries