That's what the Financial Times reports:
Barack Obama, the president, who has tried to avoid panicking lawmakers and markets by entertaining the idea, has recently moved more towards what he calls the "Swedish model"
Ignoring for now the bunch of RINOs that are reported to be supporting this, I must say that I'm not surprised that Obama favors the Swiss model for banks.
After all, all the mob connections he has have been using Swiss banks for years.
Oh, wait. "SWEDISH" banks. The SWEDISH model. That's different.
If it comes with the Swedish girls volleyball team, I'm all for it.