Obama Talks Tough to Wall Street

On the ignominious anniversary of the failure of Lehman Brothers and the onset of the economic crisis, President Obama delivered a strong message to Wall Street. In order to prevent another financial crisis of the same size, Obama encouraged that the industry should take steps to reform and patrol itself and to not try to get around new laws intended to police Wall Street.
 
Obama’s main message was that, despite the fact that the economy and our financial systems continue to show signs of recovery, Wall Street should not have the right to continue acting recklessly in ways that put us …read more