Category: Wall Street Reform
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We’re celebrating the two-year anniversary of Wall Street reform with with a special Monday edition of Friday Facts.
Click through the slideshow to see the progress in our financial system since President Obama signed Wall Street reform into law in July of 2010—then share it with your friends.
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President Obama took office in the midst one of the worst financial crises in our history, brought on in large part by the bad bets made by Wall Street banks. That’s why he made tackling risky dealings on Wall Street a priority from day one, and signed the Wall Street Reform and Consumer Protection Act into law.
Flip through this slideshow to see some of the ways President Obama’s Wall Street reform is protecting American businesses and families—then use the share buttons to make sure your friends on Facebook and Twitter see it, too.
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During a visit with ABC’s “The View” yesterday, Whoopi Goldberg asked President Obama to talk about JPMorgan Chase’s recent trading losses, and how we can tackle risky dealings on Wall Street. The President said:
This is why we passed Wall Street reform. The whole point was that even if you’re smart, you can make mistakes. And since these banks are insured, backed up by taxpayers, we don’t want you taking risks where eventually we might end up having to bail you out again. Because we’ve done that, been there, didn’t like it … That’s exactly why Wall Street reform is so important.
Catch other highlights from the President’s interview with “The View” at ABC.com—then find out more about President Obama's record on Wall Street reform.
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Check out this animated short about how Wall Street reform is protecting consumers. It’s one of our favorite videos of the year.
