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Obama presses case for financial regulation

Posted By admin On December 12, 2009 @ 5:07 am In Money Watch | Comments Disabled

Michael A. Fletcher
Washington Post [1]
Saturday, Dec 12th, 2009

President Obama praised the House for passing legislation tightening regulation of the nation’s financial system and called on the Senate to do the same, while pressing the nation’s big banks to ease their opposition to regulatory reform in his Saturday radio and Internet address.

The economy is showing increasing signs of recovering from the worst financial crisis since the Great Depression, but with the nation’s unemployment rate at 10 percent, many Americans are not benefiting from that improvement.

Meanwhile, the nation’s biggest banks, which were rescued by huge government bailouts, have returned to making big profits and paying huge executive bonuses.

But rather than support legislation aimed at curbing the practices that contributed to the downturn, the banks have spent hundreds of millions of dollars to oppose it.

Full article here [2]

“When the people find they can vote themselves money, that will herald the end of the republic.”Fall Of The RepublicBuy the DVD here [3]

Obama presses case for financial regulation FOTR 340x1692 [3] 

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URLs in this post:

[1] Washington Post: http://voices.washingtonpost.com/44/2009/12/obama-presses-case-for-financi.html#more?hpid=topnews

[2] Full article here: http://www.dailymail.co.uk/news/article-1235241/The-picture-land-jail-How-police-Big-Brother-Britain-treat-like-terrorist-taking-holiday-snaps.html

[3] Buy the DVD here: http://infowars-shop.stores.yahoo.net/faofreprofba.html

[4] Obama Banking Regulation Bill Does Not Go After Big Banks: http://www.prisonplanet.com/obama-banking-regulation-bill-does-not-go-after-big-banks.html

[5] Australian PM: Embrace new world order of global financial regulation: http://www.prisonplanet.com/australian-pm-embrace-new-world-order-of-global-financial-regulation.html

[6] Bankers unite against Barack Obama and Gordon Brown in call for world regulation: http://www.prisonplanet.com/bankers-unite-against-barack-obama-and-gordon-brown-in-call-for-world-regulation.html

[7] Financial Regulation and the Money Power: http://www.prisonplanet.com/financial-regulation-and-the-money-power.html

[8] Dem Congressman: Dow Jones Will Plummet 1,000-2,000 if Financial Regulation Isn’t Passed: http://www.prisonplanet.com/dem-congressman-dow-jones-will-plummet-1000-2000-if-financial-regulation-isnt-passed.html

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