Barack Obama did indeed sign in a very comprehensive reform bill today - but will it really be enforced? Already the opposition are lining up to criticize the new law. I really hope that sometime soon we give this new president some credit. He really IS trying!
When I read this article this morning I once again thought, "Wow, he may not always be right, but he's not afraid to move forward on something he thinks is right"
What do you think? leave your comments below
June
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President Obama signs Wall Street reform bill
By Carrie Budoff Brown & Kendra Marr | 7/21/10 12:40 PM EDT
Almost two years after a near-collapse of the American economy, President Barack Obama signed into law a historic rewrite of the regulations governing the nation’s financial system, declaring the end to an era of antiquated rules that left Americans vulnerable.
Obama described the law as a triumph for consumers and a necessity for business, saying the financial system “only works – our markets are only free – when there are clear rules and basic safeguards that prevent abuse, that check excess, that ensure that it is more profitable to play by the rules than to game the system.”
“And that is what these reforms are designed to achieve: no more, no less,” Obama said during the ceremony at the Ronald Reagan Building “Because that is how we will ensure that our economy works for consumers, that it works for investors, that it works for financial institutions - that it works for all of us.”
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There are lots of opinions around about this new bill. Tell me what you think
June
