Washington (CNN) - President Barack Obama will travel to Wall Street this week to push for fast Senate action on proposed financial regulation reforms, the White House announced Monday.
In remarks scheduled for Thursday at Cooper Union in New York City, Obama will "remind Americans what is at stake if we do not move forward with changing the rules of the road as a part of a strong Wall Street reform package," the White House statement said.
"Almost two years after the crisis hit and almost one year after the administration first laid out a detailed plan for holding Wall Street accountable and protecting consumers, he will call for swift Senate action," said the statement by White House Press Secretary Robert Gibbs.
The critics have said this POTUS has way too many things on his plate at once. Well I disagree. This POTUS can walk and chew gum at the same time. I hope he cracks the whip on Wall St. The Goldman Sachs fraud investigation is all the public needs as proof that reform is needed. Protect The Consumer!!!
Reinstate Glass-Steagall which was repealled by Bill Clinton and Chris Dodd and started this whole financial mess.
This guy don't know Jack!
As someone who campaigned for his election, I know he will say anything and sign anything as my President. The eliteists are definitely in the House and Senate and on Wall Street. They are strangling the taxpayers but they get the Money always.
"Financial reform." What a joke. Obama is a corporate sellout just like our congress critters and every other politician. Just keep telling yourselves he's a socialist, neoclowns. You only shout your ignorance to the rest of the world. I can't wait to see the "reform." Have a nice day!
Last week's Business Week had several interesting articles about the Economy and Wall Street, I highly recommend, that IF you want to be informed you read those articles.
Go over there and box their ears a bit. They need it. While you are at it, stop by the Capital and box the ears of these idiotic Republicans who, as usual, are on the wrong side of things.
Dear President Obama,
Now you KNOW that the Wall Street Mafia has already directed their goon squad (A*K*A the G no P) to start spreading lies about the proposed financial regulation reforms going through congress.
Several Republican elected officials have already been spotted lying out of their lying lie holes calling these reforms a bailout.
This is what you should do. Go in there, Tell it like it is. Then tell'em how it's gonna be. We need to get gangsta wit these fools
What I want t know is, how much futher will this "REFORM" put us into debt. I don't want to hear what "might" happen if we don't do this, I want to know how much it will cost us if we do.
No laws or regulations concerning Wall Street will ever work.
Wall Street is the sleazebag who is always looking for an angle to separate you from your money aided and abetted by Washington politicians in their pockets.
Does Obama have any plans to waterboard those involved in the financial meltdown so we can learn the truth? After all, they are domestic terrorists and they damaged our country worse than any other terrorist could. I can't believe Alan Greenspan, Timothy Geithner, and Lawrence Summers still walk our streets with impunity. Gangster government is a euphemism for these criminals.
Go get em Mr. President!! I am sure the Tea Party will be there with you since are they are vehemently opposed to the concentration of power and absolutely livid about the minority being able to control the lives of the majority. They will likely have signs showing McConnell all painted up like Hitler and will tell Wall Street: "We came unarmed–this time."
If Republicans don't get on the right track with Presidet Obama on financial reform Americans will not be forgiving if Wall Street is allowed to continue on the same path. It makes no sense for any Republican to not back financial reform unless they've got their hands in the cookie jar.
Say what you want about President Obama, but this guy gets things done. He's not a "vacation specialist" like our previous president.