The president's proposal, which includes curtailing high-risk securities trading by commercial banks, would curb practices that at some firms account for 25% of earnings. The financial sector has coolly navigated around government attempts to restrict executive pay and risky investments, but many on Wall Street worry that the Obama administration's latest proposal would hit the industry hard.
Financial Industry's Anxiety Is Rising Over Obama's Plan
Los Angeles Times - Top News, Los Angeles Times
Wed, 01/27/2010 - 1:00am
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