Obama Proposes Limits on Wall Street Banks; Enough to Ease Main Street Anger?

In his remarks at the White House today, Obama said, "What we've seen so far in recent weeks is an army of industry lobbyists from Wall Street descending on Capitol Hill to try and block basic and common-sense rules of the road that would protect our economy and the American people.

"So if these folks want a fight, it's a fight I'm ready to have."

But whether or not the White House will win that fight – and if even that will be enough to placate Main Street outrage – remains to be seen.

With reports from ABC News' Betsy Stark and Charles Herman.

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