Hensarling's populist plans concern banking industry

03/29/2013 | Wall Street Journal, The

Financial institutions are concerned about talk by House Financial Services Committee Chairman Jeb Hensarling, R-Texas, regarding taking government out of programs in the private sector. One proposal would require banks to hold more capital and create more barriers between their federally insured activities and their investments. "Republicans are becoming much more populist; they're going after every big institution -- big business, big government, big labor," said John Feehery, an adviser to financial firms and former GOP leadership aide.

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Wall Street Journal, The

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