Weekly Address: Financial Reform to Protect Consumers

The President explains his plan to address one of the major causes of the current economic crisis -- the breakdown of oversight leading to widespread abuses in the financial world. The new Consumer Financial Protection Agency will have the sole job of looking out for the financial interests of ordinary Americans by banning unfair practices and enforcing the rules. This is a cornerstone in Americas new economic foundation. (Public Domain)

Category:

News & Politics

Tags:

• President Barack Obama
• White House
• Financial Regulation
• Wall Street
• Banks

[fivequotes]

great clip .. keep it up thanks

[WornOutOldMan]

Without adressing Fannie and Freddie you have fixed nothing! Please resign and let a leader take over.

[Oathtaker4life]

Free the debt slaves :)

[beancube2010]

We have to expand our military. Our military doesn't need huge economy to be strong. They need to do real exercise like improving our infrastructures, distributing resource and technology development, and providing free information and education facilities accessable to all citizens of this country, not building luxurious military bases like some ancient elite war lords and classes only looking for wars, and waiting for death or funerals. Military is wasting and exploiting our youth generations.

[getabrainasshole]

@SickOfPunditsOnTV the one domino affect is what the dumbocrats are implementing; this latest global collapse is a precursor of whats to come if they do not uphold their oaths and the laws thats on the books!

capitalism and corruption or

socialism and corruption you choose??

[getabrainasshole]

@SickOfPunditsOnTV dumbocan'ts bill: show the people we stand with them when actually they will "not" charge the crook's; uphold the law's and relax the law's so the financial system will again collapse and blame the g"no"p as they are doing now!

barney imaslob franks did what for fannie/freddie and who was relaxing the law's that wall street was to abide by.

[getabrainasshole]

no bail outs..................but but what about the governments job of over seeing and implementing the law's...............so the reform is: no more bail outs will hide the fact that they will "not" over see the banks and not charge the crooks with a crime........the out come will be the complete failure of the capitalist system and the "marxists" get to implement their "socialist" reform during the next global collapse under the "one" domino affect....!

[TheGiftOfLife]

KEEP READING THAT TELEPROMPTER!

[SickOfPunditsOnTV]

Other G"No!"P proposed solutions: Banks Collapsing : "Do Nothing!" Economic Crisis : "Do Nothing!" Auto Industry Collapsing : "Do Nothing!" Mortgage Crisis : "Do Nothing!" Guantanamo : "Do Nothing!" Collapsing infrastructure : "Do Nothing!" Climate Change : "Do Nothing!" Oil Dependency : "Do Nothing!" Collapsing Schools : "Do Nothing!" Hurricane & Volcano Monitoring : "Do Nothing!" broken International Relations : "Do Nothing!" Health Care Crisis : "Do Nothing!" And on and on : "Do Nothing!"

[smallfish1960]

Sound Money for America! Support HR 1207, S.604 and HR 833!