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Saturday, May 15, 2010

Shining the Spotlight on Wall Street's Shadowy Deals: The President's Weekly Radio and Internet Speech

President Obama said it is his responsibility to make sure that the economy rebounds from this recession


"Put simply, Wall Street reform will bring greater security to folks on Main Street," the president said.

"My responsibility as president isn't just to help our economy rebound from this recession; it's to make sure an economic crisis like the one that helped trigger this recession never happens again," he said. "That's what Wall Street reform will help us do."

"You'll be empowered with the clear and concise information you need to make the choices that are best for you. Well help stop predatory practices, and curb unscrupulous lenders, helping secure your familys financial future," Obama said.

"With reform, well make our financial system more transparent by bringing the kinds of complex, back-room deals that helped trigger this crisis into the light of day. Well prevent banks from taking on so much risk that they could collapse and threaten our whole economy."