Matt Taibbi, Rolling Stone:
Obama brought in many people from the leadership of Citigroup to
shape his economic policy, from chief of staff Jack Lew to transition
team chief Michael Froman to a host of people connected in some form or
another to former Citi executive and Glass-Steagall architect Bob Rubin
(even Geithner served under Rubin in the Clinton administration).
The presence of so many Citigroup executives in the Obama
administration makes it not terribly surprising that the president would
be sensitive on the subject of Glass-Steagall. The fact that two of
Obama's closest economic advisors, Geithner and Gene Sperling (who was
NEC chief under Clinton), were original architects of Glass-Steagall is
also an obvious factor here.