Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Obama presses case for financial regulation

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

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.

Full article here

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


This article was posted: Saturday, December 12, 2009 at 5:07 am

Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

Raheem Kassam: Sh*thole London See the rest on the Alex Jones YouTube channel.

Germans Being Mass Brainwashed by TV to Submit to Islam See the rest on the Alex Jones YouTube channel.

https://www.youtube.com/embed/bcPVfa76Qig https://www.youtube.com/embed/kYmTFL9nbRQ

© 2018 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.