- Prison Planet.com - http://www.prisonplanet.com -
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 
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.
“When the people find they can vote themselves money, that will herald the end of the republic.” – Fall Of The Republic – Buy the DVD here 
Article printed from Prison Planet.com: http://www.prisonplanet.com
URL to article: http://www.prisonplanet.com/obama-presses-case-for-financial-regulation.html
URLs in this post:
 Washington Post: http://voices.washingtonpost.com/44/2009/12/obama-presses-case-for-financi.html#more?hpid=topnews
 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
 Buy the DVD here: http://infowars-shop.stores.yahoo.net/faofreprofba.html
Copyright © 2013 PrisonPlanet.com. All rights reserved.