Obama seeks tighter limits on banks' reach
‘If these folks want a fight, it's a fight I'm ready to have,’ president says
WASHINGTON - President Barack Obama stepped up his campaign against Wall Street on Thursday with a far-reaching proposal for tougher regulation of the biggest banks.
"We have to get this done," Obama said at the White House. "If these folks want a fight, it's a fight I'm ready to have."
It was a stern, populist lecture from the president to Wall Street for what he perceives as its abandonment of Main Street. Obama said the government should have the power to limit the size and complexity of large financial institutions as well as their ability to make high-risk trades.
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10 comments:
This is the UNITED STATES!! They do not have the right to limit anything.
what a joke. cant wait 'til we get a president that makes a real difference. it has been quite a long time...
At least he's a lame duck all ready !
Just when the financial markets were rebounding now this...thanks. My family has worked hard,invested, saved and paid taxes and we keep getting slammed by this administration over and over.What a nightmare!
You'd rather leave things as they are and just sit back and wait for the next economical meltdown because of the BANKS? Oh please!
It's coming!
You're happy with those top dogs getting the huge bonuses for NOT doing a good job?
That doesn't bother you at all?
When was the last time you got ANY bonus for doing a GOOD job and do you really think you'd even HAVE a job if you weren't doing your job?
Thanks for dropping the stock market 200 pts today barry!
For the people who wanted the CHANGE, hope you are loving it. I can honestly say that I didn't Vote for him!!!!
Annon 627PM....I too did not vote for this dude!
But dont tell a liberal about the change that he promised! Not!!!! They are still convinced we are in better shape now more than ever and dont even try to argue or convince them that they are wrong. They are NEVER wrong...ha ha!
4:31 right on!!!! Some people still don't get it.
Can anyone tell me what exactly has changed. All I see is alot yelling to and fro, and still nothing is getting accomplished. Fire them all and start again.
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