President Obama Pushes for Financial Reform

The President pushes for one of the pillars of his new economic foundation: reforming our financial system to look out for consumers, not just banks. October 9, 2009. (Public Domain)

Category:

News & Politics

Tags:

• President Barack Obama
• White House
• Financial
• Regulatory
• Reform
• Regulation
• Banks
• Economy

[greggymcgurks]

Find it interesting Republicans come on here posting how crazy this is, but in no way can explain why they don't like this and why it won't even help them.

[exChristian666]

Before conservatives took power in 2000, the country was in pretty, Conservatives have destroyed this country for their own self interest.

[AndyEC1212]

I love how he laid the bail outs on us like he didn't pass that bill 3 times and triple the amount. you people are fools for following this Uncle Tom puppet . VIVA LA REVOLUTION!

[AndyEC1212]

another agency and a new law that will prevent new business and reduce the job market. Don't get me wrong predator lending is wrong. but there are to many law enforcement agencies. This is opening the door welcome to Communism. The Government owns you now all of you. They went from being our Representatives. To our Leaders our Rulers. The system isn't perfect. But your money and life are better off in your hands not The Governments. All Hail Comrade Obama. FIGHT THE POWER!!

[judyleasugar97]

Reverse the ruling that corporations have the rights of individuals!

[Boomer1949]

@stevenabb

Who said anything about lobbyist? Why do the lobbist have to be involved in creating a consumer protection agency?

[stevenabb]

Boomer1949- Do you really think they lobbyist whores will protect you? The government is proposing "more regulators" to keep an eye on companies. There is NO LOBBYIST LAWS that will protect people from these companies. People need to learn to save. If you want something, save for it. If anyone is dumb enough to sign a sucker contract, that person needs to get burned. Only you will protect yourself.

[PCEntertainment]

People forget that Goldman Sachs and Citicorp and other funded Obama and Obama sold out to them and approved more bailouts.

So you see, Obama is a sell out

Dont listen to the hope lies.

Hope lies with the man who holds the $ and that is the Federal Reserve.

Let's not forget that it was the Democrats in the 90s that created this mortgage fiasco and the Repubs who continued it and Obama still has not resolved it but sold out to them for the election. That is not personal statements but mere fact.

[Casanuda]

Actually that's a logical fallacy there called a Straw Man. If you are intelligent you will question offered money and I said there is a problem with education, which implies that most people are stupid.

If these banks knew how to properly screw people out of their money we might have a working economy.