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Archive Home > 2009 > June > 25 > Small banks are wary of Obama plan that’s meant to help them

Small banks are wary of Obama plan that’s meant to help them

By Keith Chu / The Bulletin
June 25, 2009

WASHINGTON — The White House and Democratic U.S. senators say a proposal to create an agency tasked with protecting consumers from risky financial products will help community banks better compete with the big boys. The small banks, though, generally disagree.

President Barack Obama....

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