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
TRUTHDIG’S JOURNALISM REMAINS CLEAR“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.”
The storytellers of chaos tried to manipulate the political and media narrative in 2025, but independent journalism exposed what they tried to hide. When you read Truthdig, you see through the illusion.
Support Independent Journalism.
Editorial Cartoons
TD Column
In a healthy party, losers get jettisoned and new leaders are given the reins.
Editorial Cartoons
Health & Wellness
The betrayal of trust by the institutions meant to protect Flint’s residents has made them cautious as they look to the future.
TD Original
Reflecting on the systems that maintain racism and separatism in America.
Wounds of War
According to Pentagon policy on “responding to civilian harm”, Defense Secretary Lloyd Austin owes Somalian drone victims an overdue apology.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.