By: Sewell Chan, NYTimes.com
WASHINGTON â€” Executives at Goldman Sachs and JPMorgan Chase expressed misgivings on Thursday about the Obama administrationâ€™s new proposals to restrict the size and risk-taking of the countryâ€™s largest financial institutions.
Their comments, before the Senate Banking Committee, appeared to further complicate the challenge facing the panelâ€™s chairman, Christopher J. Dodd, Democrat of Connecticut. For months, Mr. Dodd has been leading closed-door negotiations over a bill to overhaul the nationâ€™s financial regulations, and on Thursday he expressed dismay at how long the process was taking.
â€œThe fact is, I am frustrated, and so are the American people,â€ Mr. Dodd said at the start of the hearing, adding that few of the rules of Wall Street had changed, nearly two years after the collapse of Bear Stearns at the inception of the financial crisis.
To continue reading: http://www.nytimes.com/2010/02/05/business/05regulate.html?th&emc=th
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