Weekly Address w/Sen. Elizabeth Warren: Protecting the Progress We’ve Made with Wall Street Reform
Source: White House
In this week's address, Senator Elizabeth Warren joined President Obama to discuss how far we've come since the financial crisis, when the recklessness of Wall Street caused millions of Americans to lose their jobs, homes, and savings. Senator Warren underscored the importance of the Wall Street reforms the President signed into law, which included the strongest consumer protections in generations. In addition to making the financial system safer and more resilient, these reforms also established the first-ever Consumer Financial Protection Bureau (CFPB), which holds banks, credit card companies, mortgage lenders, and others accountable, and protects consumers from abuses and deceptive practices.
This past Thursday, July 21, marked six years since the President signed the Dodd-Frank Wall Street Reform and Consumer Protection Act into law and the five year anniversary of the creation of the CFPB. Thanks to these reforms, the President reiterated the economy is stronger and more durable today than it was before the crisis. That's why President Obama is going to keep fighting to protect the progress we've made reforming Wall Street from attacks, because hard-working Americans who play by the rules should expect Wall Street to play by the rules, too.
Read more: https://www.whitehouse.gov/the-press-office/2016/07/23/weekly-address-protecting-progress-weve-made-wall-street-reform
https://www.whitehouse.gov/the-press-office/2016/07/23/weekly-address-protecting-progress-weve-made-wall-street-reform
Transcript
bluedye33139
(1,474 posts)I would have hated to see Warren remove from her current positioning on the subject the Wall Street reform.
7962
(11,841 posts)No more special rules for them.
uawchild
(2,208 posts)lastlib
(23,243 posts)Like a) PROSECUTING and JAILING the banksters responsible for the disaster; b) re-instating the Glass-Steagall protections that kept banks from gambling with depositors' money; c) registering and regulating credit default swaps and the similar instruments that caused the 2008 debacle, and allows us to KNOW how deep in the hole we are?
Truth is, we have barely tinkered with solving the problems that led to the 2008 financial crisis, and there is no effort in sight to actually deal with those issues. The sobering truth is, it could ALL happen again next week, and we have done NOTHING to prevent it.
Overseas
(12,121 posts)markj757
(194 posts)I don't think I will get that chance in the future.
BumRushDaShow
(129,077 posts)And was glad that she got some extra spotlight with this address! Did a double-take when I listened to the audio on the radio this morning and heard her being featured.
Thanks for the weekly post!!
Helen Borg
(3,963 posts)Bigmack
(8,020 posts)Helen Borg
(3,963 posts)elleng
(130,964 posts)AwakeAtLast
(14,130 posts)for Attorney General? I think so!
Secretary of Labor?
She has to be a Cabinet choice!