Summary
WASHINGTON -- President Barack Obama fought to keep his proposed banking overhaul on track Friday, casting the political struggle ahead as one between big financial interests and average Americans victimized by complex or unscrupulous financial transactions.
The president illustrated his call for a consumer finance agency by showcasing five unwitting borrowers and bank customers whose troubles ranged from massive overdraft fees to unwanted interest- only mortgages.See the full content of this document
Extract
Obama Fights for Banking Overhaul
"My concern are the millions of Americans who behaved responsibly and yet still found themselves in jeopardy because of th...
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