"Too Big To Fail"- Never Again

President Obama, along with Vice President Biden, welcomes House and Senate leaders from both parties to the White House to discuss financial regulatory reform. Key quote from President Obama: I think all of us recognize that we cannot have a circumstance in which a meltdown in the financial sector once again puts the entire economy in peril, and that if theres one lesson that weve learned its that an unfettered market where people are taking huge risks and expecting taxpayers to bail them out when things go sour is simply not acceptable. As a consequence, I am actually confident that we can work out an effective bipartisan package that assures that we never have too big to fail again; that consumers are adequately protected when it comes to financial instruments -- whether its mortgages or credit cards or debit cards; that we have a strong mechanism to regulate derivatives, something that we have not had, a derivatives market that is in the shadow economy but is enormously powerful, enormously risky -- we want to get that into daylight so that regulators and ordinary Americans know whats going on when it comes to this huge segment of the financial system.

Category:

News & Politics

Tags:

• obama
• financial
• markets
• wall street
• banks
• economy
• bailout

[365rl]

@quizerry

Exactly! Under socialism, the gov. would have to limit expansion on businesses because they're "too risky." They'd earn the same amount of money as people who don't work at all. Obama's trying to socialize health care & now businesses like Wall Street, which violate many amendments in the Const., & will drive us further toward socialism. The admin. can only give so many "f*** you"'s to the citizens/Republicans before their rhetoric & arrogance gets them voted out of office.

[leftrightcompromise]

Under democracy one party always devotes its chief energies to trying to prove that the other party is unfit to rule - and both commonly succeed, and are right.

[kelseybutler94]

great job dude



[dubya12825]

He has no clue of what he is talking about.

[demon2645]

@undefinedego it's someone quoting everything he says through a type writer.

[glennsibz]

@undefinedego i know lol

[MrRocknout99]

Everyone that thinks this is a black man want to tell me how a WHITE woman gives birth to a black man?

Now I know that a real black couple just gave birth to a white baby but that is a gene mutation.

But Obummers mom was Lilly WHITE.

Google pictures of his Mother,Dad,and him with his Grandmother or Brother.

This is not a BLACK man!

And if real black men can be born from WHITE women does this mean that BLACK women are no longer needed to have a black family?

The truth will set you free!

[101jbrjaw]

We have paid "the too big to fail" banks billions already, and still counting. This is criminal and needs just legal action to be implemented ASAP. Compensation for our losses must also be sought after now! I have created a facebook group page that hopefully you could help send out to the masses: the people vs. too big to fail banks Attorney Wanted!

[SuperPalabra]

OBAMA SATAN

[urbanprophet777]

And Obama,since you speak of not fail,why dont you sepak about the dream you had,as described in ure bio,where you fail,or worse.

[urbanprophet777]

well ATLAH,pastor manning is gonna put this guy on trial,for more info just search ATLAH,pastor manning or long legged mack daddy.Hehe

Got to love the old Martin Luther King spirit.

[rayearth05]

the nwo is working just fine for this puppets