April 19th, 2010
10:06 AM ET
11 years ago

Obama headed to Wall Street to discuss financial regulation reform

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.

Filed under: Financial Reform • President Obama
soundoff (14 Responses)
  1. Dutch/Bad Newz, VA

    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!!!

    April 19, 2010 10:43 am at 10:43 am |
  2. Dean

    Reinstate Glass-Steagall which was repealled by Bill Clinton and Chris Dodd and started this whole financial mess.

    April 19, 2010 10:46 am at 10:46 am |
  3. Willy Brown

    This guy don't know Jack!

    April 19, 2010 10:59 am at 10:59 am |
  4. Doug

    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.

    April 19, 2010 11:05 am at 11:05 am |
  5. Randolph Carter, I'm no expert but...

    "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!

    April 19, 2010 11:23 am at 11:23 am |
  6. LacrosseMom(the real one)

    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.

    April 19, 2010 11:28 am at 11:28 am |
  7. Hendrik

    Mr. President,

    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.

    April 19, 2010 11:32 am at 11:32 am |
  8. Me, In TX

    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

    April 19, 2010 11:37 am at 11:37 am |
  9. Jeff

    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.

    April 19, 2010 11:38 am at 11:38 am |
  10. Bill NY

    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.

    April 19, 2010 11:48 am at 11:48 am |
  11. Randy

    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.

    April 19, 2010 11:50 am at 11:50 am |
  12. jdmintexas

    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."

    April 19, 2010 11:51 am at 11:51 am |
  13. Claudia, Houston, Tx

    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.

    April 19, 2010 12:00 pm at 12:00 pm |
  14. Marc from San Diego

    Say what you want about President Obama, but this guy gets things done. He's not a "vacation specialist" like our previous president.

    April 19, 2010 12:01 pm at 12:01 pm |