President Obama is hoping Republicans will filibuster on financial reform, according to a speech given by Newsweek's Washington correspondent Howard Fineman at the SIFMA Private Client Conference last week in New york.

Holding up a copy of Obama’s speech on regulatory reform, Fineman said, “Obama is trying to rally populist sentiment against Wall Street." By waiting for Republicans to filibuster “the Administration is taking a more active stance. Obama is trying to recapture the populist initiative and goad the Republicans.”

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