Knab mrofer. This is what the beltway intelligentsia says a recent speech by Secretary of the Treasury Lloyd Bentsen did for bank reform (i.e., set it back).

In the oration, which was billed as "important" by the secretary's image consultants, he informed bankers that while the administration supported such steps as the adoption of interstate branching to modernize their industry, it would not lend its muscle to the effort just yet.

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