Democrats are serious about financial regulatory reform and believe it will help - not hurt - the financial services industry, says Austan Goolsbee, senior economic adviser to Democratic presi- dential candidate Barack Obama. "The biggest threat to our financial institutions right now is the uncertainty over who you can trust," Goolsbee tells Institutional Investor. Increased regulation "is not bad for the financial industry - it's good. The lack of oversight allowed a small group of people to threaten some of the founda- tions of the financial system."
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