9/8/2009

The Obama administration's reform of the nation's financial regulatory system would put pressure on big banks to reduce their size and cut risks. The shift comes after a generation of policies that encouraged banks to expand unchecked. "Those who argue that big is bad are misguided," said Scott Talbott, senior vice president of government affairs for the Financial Services Roundtable. "You need large financial institutions in this global economy, or you won't be able to service the needs of large multinational corporations."

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