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Bankers to Lobby for Softer Reforms

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DAVOS STOCKS UP ON PALM GREASE
"Senior Wall Street bankers heading to the World Economic Forum will use the meeting in Davos to lobby regulators against a rigorous implementation of Barack Obama’s plan to cap the size and trading activity of banks," the Financial Times reported. "They will also oppose the break-up of large financial institutions and insist there should be a concerted effort to tackle the “too big to fail” issue by other regulatory means.“It’s not about being too big but about the interconnections,” said one banker"
SOURCE:   Financial Times

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