April 22nd, 2010
08:08 AM ET
4 years ago

Obama to Wall Street: 'Join us' in reform

President Obama will ask the Wall Street community Thursday to join in his effort to reform the financial industry.
President Obama will ask the Wall Street community Thursday to join in his effort to reform the financial industry.

New York (CNNMoney.com) - President Obama will ask the Wall Street community Thursday to join in his effort to reform the financial industry.

In remarks prepared for delivery at Cooper Union in New York later Thursday, the president said legislation in both houses of Congress aimed at reforming the banking industry represents "significant improvement on the flawed rules we have in place today."

Obama said he's sure many of the lobbyists working to defeat the measure are acting on behalf of the Wall Street firms represented by members of the audience.

"But I am here today because I want to urge you to join us, instead of fighting us in this effort," said the president. "I am here because I believe these reforms are, in the end, not only in the best interest of our country, but in the best interest of our financial sector."

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Filed under: CNNMoney.com • Financial Reform • President Obama
soundoff (29 Responses)
  1. Bryan

    Join us for REFORM.
    Mr. President have you lost your guts, do you have ANY toughness at all.
    My god.

    The only thing you should be telling Wallstreet is:

    YOUR BUSTED AND SOMEONE IS GOING TO PRISON.

    April 22, 2010 10:42 am at 10:42 am |
  2. ERIC

    Darth Vader tried to con his son Luke Skywalker to "JOIN US OR DIE" in this same fashion and he didn't buy and chose to jump for it. Wall Street should do the same if they want to break ties with Obama "The Dictator" Vader.

    April 22, 2010 10:43 am at 10:43 am |
  3. Tim Hagans

    Oh blah blah! Obama has been ridiculing Wall Street for years, and now he wants to make friends? Oh blah blah!!!

    April 22, 2010 10:51 am at 10:51 am |
  4. Tim Hagans

    Obama wants Wall Street to gladly accompany him on his takeover of the financial sector of the US economic strength?????

    April 22, 2010 10:51 am at 10:51 am |
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