President Obama to ask CEOs to abandon ‘furious efforts’ to block financial overhaul. President Obama will travel to New York on Thursday to call on financial executives to abandon their “furious efforts” to block a financial regulation overhaul bill by hiring an army of lobbyists, according to planned remarks released by the White House. “I want to urge you to join us, instead of fighting us in this effort,” Obama plans to say.

Obama’s speech marks the culmination of a strategic, month-long acceleration of his personal involvement in financial regulation, according to White House and Treasury Department officials. His appearance at Cooper Union just before midday comes as bipartisan negotiators on Capitol Hill continue to make progress in their efforts to overhaul federal laws impacting big banks and other financial institutions.

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