President Obama Speech on Financial Regulatory Reform
President Obama announced the introduction of the new consumer financial protection agency, which will execute a plan for regulation reform that would improve the current “patchwork system” full of outdated regulations and lax oversight that helped lead to last year’s crisis,” and “stand up, not for big banks, not for financial firms, but for hard-working Americans.” Such changes, he says, would prevent consumers becoming victims of “predatory practices of some in the financial industry …
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lol
I’ll believe it when I see it, Obama.
Lets kick the Federal Reserve out completely like Andrew Jackson did when he was president! Lincoln and Kennedy tried to do this but were murdered before they finishing the job. Repeal the Federal Reserve Act of 1913 now!
Liar.
yeah!! let’s do something now the public have been made aware of this mess.
Let blame everything on the FED and ignore corporate greed and lobbyist. It was the FED that forced banks to overvalue high risk mortgages, with their witchcraft, lets take them to the stake and burn them alive, grab your pitch forks!!
lol he won the nobel prize he’ll deliver
It’s about time. The financial industry in the past decade has fleeced too many people.
I wouldn’t hold my breath If I were you.
He has no leverage to be making regulatory demands.
Lincoln? The federal reserve act was made before he was president. So how was his assination because of the fed?
yup thats ma nigguh
It wasnt called the Federal Reserve back then, it was called the first bank of New York. Then after they came back it was called the second bank of New York. Lincoln starting printing his own currency to fund the civel war, that really pissed off the bankers so they had him murdered.
this man is beginning to realize the might of the Washington lobby. Look at what happens with healthcare reform: most Americans support single-payer, most doctors support it, businesses are demanding it, and yet Democrats themselves call single-payer politically impossible.
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