Gov. Bill Clinton's relatively optimistic view of the banking industry in Monday's debate reassured bank lobbyists who feared he might heed the advice of a campaign insider and call for a new round of regulations.

Mr. Clinton's response to a question about the banks' health - he called it "fundamentally sound" and not likely to go the route of the savings and loans - was far more measured than the position recommended to him in a paper prepared over the summer by Michael Waldman, a consumer activist and deputy communications director of the Clinton campaign.

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