Obama joined by Elizabeth Warren in weekly address focussing on continued Wall Street reform

[applegrove]

Obama joined by Elizabeth Warren in weekly address focussing on continued Wall Street reform

by Susan Gardner at the Daily Kos

http://www.dailykos.com/stories/2016/7/23/1551069/-Obama-joined-by-Elizabeth-Warren-in-weekly-address-focusing-on-continued-Wall-Street-reform

"SNIP..............


WARREN: The financial crisis wasn’t an unstoppable act of nature.The whole thing could have been avoided, but we didn’t have the rules in place to stop Wall Street from taking enormous risks that threatened the economy. We didn’t have strong protections to keep consumers from being cheated by tricks and traps on financial contracts.

POTUS: So when I took office in the darkest days of the crisis, I promised you we wouldn’t just recover from crisis – we’d rebuild our economy on a new foundation to make sure a crisis like that never happens again.

The weekly address this morning focused on Wall Street reform as President Obama was joined by Sen. Elizabeth Warren, who helped deliver a powerful message of continued and sustained efforts to protect consumers. The two recounted the history of the recession and the role of the Consumer Financial Protection Bureau, reassuring listeners that the fight for fairness will continue.

Let’s let Warren have the final word:

WARREN: But every year, like clockwork, big banks and their Republican allies in Congress try to roll back these protections and undermine the consumer watchdog, whose only job is to look out for you. Their nominee for President promises to dismantle all of it. They may have forgotten about the crisis, but working families sure haven’t. We haven’t either. And that’s why we’re not going to let them give Wall Street the ability to threaten our economy all over again.



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