Neil

President Obama’s weekly address: Turns His Focus to Financial Reform

President Obama picked an unlikely topic for his weekly radio and Internet address. With a cliffhanger vote expected Sunday on the Democrat’s health care overhaul, the President turned his focus to financial reform.

President Obama picked an unlikely topic for his weekly radio and Internet address.

With a cliffhanger vote expected Sunday on the Democrat’s health care overhaul, the President turned his focus to financial reform.

The President says the U.S. needs major changes to its financial system so consumers are better protected and the economy safeguarded from falling into another Depression.

He called for “common-sense rules” and the creation of a consumer protection agency at the Federal Reserve to prevent predatory lending.

“For these banking reforms to be complete – for these reforms to meet the measure of the crisis we’ve just been through – we need a consumer agency to advocate for ordinary Americans and help enforce the rules that protect them.”

 

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Neil Middleton <><
WYMT Mountain News
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