The President on Banking Reform

The President talks about banking reform, and his proposal to assess fees on major financial firms in order to recoup the huge amount of bailout funds provided to the finance sector by American taxpayers. The President talks about additional reforms to prevent some of the abuses that led to the financial meltdown that has caused such hardship in this country. As the banks pay big bonuses folks wonder about the claims made that the finance industry cannot “afford” such fees. This issue has become a major debating point in the U.S. Senate race, with Republican Scott Brown against the fee, and against government regulation of Wall Street. Democrat Martha Coakley stands firmly for the fee, and for common sense regulation of the financial markets. A good message for the President.

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1 Response to The President on Banking Reform

  1. Jules Gordon says:

    Your Honor,

    They gave the president more money than the Republican candidate and this is their reward. How ungrateful the ONE is to his admirers.

    I have an idea. Maybe the managers about to hit by the classical ‘Reform’ legislation can form a union. Now they can make demands as do the others to get special favors similar to the one Bill Nelson got.

    Jules

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