W.House says Lincoln finreg proposal "very strong"

WASHINGTON, May 20 (BestGrowthStock) – A proposal from Democratic
Senator Blanche Lincoln to force banks to separate swap trading
desks from core operations as part of the financial regulation
overhaul is a “very strong proposal,” a White House official
said on Thursday.

“Senator Lincoln has put forth a very strong proposal —
one that corresponds in very large part with the proposal in
(Senator Christopher) Dodd’s original bill — and we are
confident that the senators will come to the best resolution
for the American people,” the official said.

“If the Senate bill passes, we also expect there to be a
conference where the difference in the House and Senate bills
are worked out,” the official said.

Stock Market Research

(Reporting by Patricia Zengerle, Editing by Sandra Maler)

W.House says Lincoln finreg proposal “very strong”