Obama Makes Financial Overhaul Official
It remains to be seen whether the new financial reform legislation that President Obama signed into law on Wednesday will spare us another economic cataclysm like the recession we're still in, but for his part, the president seems jazzed about it.
It remains to be seen whether the new financial reform legislation that President Obama signed into law on Wednesday will spare us another economic cataclysm like the recession we’re still in, but for his part, the president seems jazzed about it. Same with Barney Frank and Christopher Dodd, whose names both appear in the bill’s official title. –KA
Wait, before you go…“Political Intelligence” in The Boston Globe:
Coming nearly two years after the bank bailouts of 2008, it is the Democrats’ centerpiece response, intended to prevent another credit and mortgage crisis like the one that caused the stock market meltdown and current economic recession.
“These reforms represent the strongest consumer financial protections in history,” Obama said, just before he signed the bill. “There will be no more tax-funded bailouts. Period.”
If you're reading this, you probably already know that non-profit, independent journalism is under threat worldwide. Independent news sites are overshadowed by larger heavily funded mainstream media that inundate us with hype and noise that barely scratch the surface. We believe that our readers deserve to know the full story. Truthdig writers bravely dig beneath the headlines to give you thought-provoking, investigative reporting and analysis that tells you what’s really happening and who’s rolling up their sleeves to do something about it.
Like you, we believe a well-informed public that doesn’t have blind faith in the status quo can help change the world. Your contribution of as little as $5 monthly or $35 annually will make you a groundbreaking member and lays the foundation of our work.
Support Truthdig
There are currently no responses to this article.
Be the first to respond.