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Financial overseers opposing overhaul

Obama seeks to merge roles; plan would create consumer agency

The idea that federal banking regulators are fighting a sweeping financial industry overhaul taking shape in Congress has infuriated supporters of the legislation. The idea that federal banking regulators are fighting a sweeping financial industry overhaul taking shape in Congress has infuriated supporters of the legislation. (Pablo Martinez Monsivais/Associated Press
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By Alan Wirzbicki
Globe Correspondent / October 7, 2009

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As acting director of a federal agency criticized for lax oversight of the American financial industry, John Bowman has only a few allies these days on Capitol Hill. Still, Bowman says, he relishes the chance to defend the Office of Thrift Supervision against efforts by President Obama and Congress to shut it down. (Full article: 1046 words)

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