June 25th, 2010
09:07 AM ET
4 years ago

Obama pleased financial reform bill moving forward

Washington (CNN) - President Barack Obama praised Congress on Friday for moving closer to final passage of sweeping financial reform legislation. The measure includes the "toughest financial reforms" since the Great Depression, he said. It represents "90 percent of what I proposed when I took up this fight." The compromise plan "will hold Wall Street accountable," he said.


Filed under: Financial Reform • President Obama
soundoff (14 Responses)
  1. Who

    Who is going to hold him, pelosi and reid responsible for the worst spending spree and monetary wastage of taxpayer dollars in history? Who is going to hold the uaw responsible to pay back the taxpayers money? Who is going to hold the teachers union responsible for the taxpayers money? Who is going to hold them responsible when the healthcare reform breaks the system? Who is going to hold them responsible when the cap and trade bill drives up the cost of everything to where people can't afford to eat? Someone needs to.

    June 25, 2010 09:13 am at 9:13 am |
  2. Jim El Paso Tx

    GREAT another reform that will no doubt hit the middle class! Sure wish he'd quit FISHING for something to work:(

    June 25, 2010 09:34 am at 9:34 am |
  3. Dominican mama 4 Obama

    Glad to hear you're pleased Mr. President. It appears that the GObP realized that the support you have with the American people was too overwhelming for them. Their plan then became to block EVERYTHING you proposed in order to stall or completely derail ANY change you could bring about. In spite of their obstruction, and in all fairness, the chicken-turd Democrats who haven't taken advantage of their ill-used MAJORITY, you've managed to accomplish good things for the country.

    Hold tight Mr. President. God is with you and so are we.

    June 25, 2010 09:42 am at 9:42 am |
  4. Dean

    Major new financial reform legislation has been named the Dodd-Frank bill for Sen. Chris Dodd and Rep. Barney Frank, who led the work on the bill--------–Yea boy, this ought to be a great bill. The two main authors should be in jail for their personal past financial dealings.

    June 25, 2010 09:46 am at 9:46 am |
  5. Bobert

    Man, that sounds exactly like what Sarbane-Oxley was praised as back when it was passed back in 2002 ... by Repubilcans ... after a Democratic presidency ... and a bunch of corporate scandals.

    Seems to me that the players have changed but the BS that comes out of them hasn't.

    June 25, 2010 09:46 am at 9:46 am |
  6. Michael Armstrong Sr.

    The president has cursed the American people with future disaster's in the market place by shutting down the oil rigs and now they are afraid to restart production if these oil rigs leave then we will be forced to import our fuel driving up retail prices nation wide just from the exstra cost of fuel to deliver our products our president has hurt us more then he helped .

    June 25, 2010 09:53 am at 9:53 am |
  7. Bob in Florida

    As with any Legislation, it is a start.

    June 25, 2010 09:55 am at 9:55 am |
  8. aproudmemberoftheunpatrioticmob

    I am sure our corrupt, inept, union toady president must be pleased with anything that destroys the savings of millions of hard working Americans. That jobs report was really great, and the week before he celebrated the 10,000 instance of him giving money to the slimy, corrupt unions he so ably represents.

    June 25, 2010 09:56 am at 9:56 am |
  9. JES

    How about reform in both houses in DC now that would be something else.

    June 25, 2010 10:04 am at 10:04 am |
  10. Slick William

    2000 pages of Un-Constitutional crap authored and co-sponsored by the two most inept idiots that have ever held office to led us into the worst economic disaster and loss of personal liberties and freedoms that America has ever seen. Americas citizen's had best wake up and understand that everything that is being done equates to nothing more than treason to our Nation, what do you think liberal progressive means?

    2010 house cleaning, 2011 treason investigations, 2012 criminal prosecutions!

    June 25, 2010 10:07 am at 10:07 am |
  11. Marty, FL

    It's good to see much-needed financial reforms moving closer to final passage to protect American consumers.

    June 25, 2010 10:12 am at 10:12 am |
  12. stevegee

    A Financial Reform Bill written by the same people who caused The Great Recession ... Chris Dodd, Barney Frank and all the Democrats.

    Through the Community Reinvestment Act, the Democrats essentially mandated that Fannie Mae and Freddie Mac push subprime loans like there was no tomorrow ... and look what happened, near economic collapse (which will likely still happen at the rate Obama and the liberals are spending money we don't have).

    Wake up people! Vote American, vote Republican.

    June 25, 2010 10:15 am at 10:15 am |
  13. Granger

    Many of the measures sought after the Great Depression are government programs that have been exploited, mainly by "Obama-type," voters, that have thrown the country into the turmoil it's currently in. Now, he's happy that we're going to further the devastation of the country? Get rid of the fraud!

    June 25, 2010 10:21 am at 10:21 am |
  14. thor

    Another piece of legislation done with Congressmen making deals behind closed doors in the middle of the night !!!

    June 25, 2010 10:24 am at 10:24 am |