President Obama believes businesses should support strong financial reform, White House Press Secretary Robert Gibbs said during a recent briefing.
In a speech at the annual meeting of the Business Council, Washington, Obama talked about “those … in the financial industry whose companies may be employing lobbyists seeking to weaken this bill.”
He urged financial service businesses “to join us rather than to fight us” on financial reform.
“That doesn’t mean that there aren’t going to be legitimate differences on the details of what is a complicated piece of legislation,” Obama said. “But, in its broad parameters, this proposal is a common-sense, reasonable, non-ideological approach to target the root problems that we’ve seen in our financial sector.”
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During the White House briefing, a reporter asked Gibbs about Obama’s comments on lobbying.