President Obama's Weekly Address 7/23/16: Protecting the Progress We’ve Made with Wall Street Reform

WASHINGTON, DC — In this week's address, Senator Elizabeth Warren joined President Obama to discuss how far we've come since the financial crisis, when the recklessness of Wall Street caused millions of Americans to lose their jobs, homes, and savings. Senator Warren underscored the importance of the Wall Street reforms the President signed into law, which included the strongest consumer protections in generations. In addition to making the financial system safer and more resilient, these reforms also established the first-ever Consumer Financial Protection Bureau (CFPB), which holds banks, credit card companies, mortgage lenders, and others accountable, and protects consumers from abuses and deceptive practices. This past Thursday, July 21, marked six years since the President signed the Dodd-Frank Wall Street Reform and Consumer Protection Act into law and the five year anniversary of the creation of the CFPB. Thanks to these reforms, the President reiterated the economy is stronger and more durable today than it was before the crisis. That's why President Obama is going to keep fighting to protect the progress we've made reforming Wall Street from attacks, because hard-working Americans who play by the rules should expect Wall Street to play by the rules, too.

President Obama's Weekly Address 5/19/12: Congress Must Move Forward, Not Back On Wall Street Reform

WASHINGTON, DC— In this week’s address, President Obama discussed Wall Street reform that he put in place to protect consumers, make Wall Street play by the same set of rules, and ensure that taxpayers are never again on the hook for the type of irresponsible behavior on Wall Street that nearly destroyed our financial system and cost the economy millions of jobs. While Republicans in Congress are still trying to delay and dismantle these critical Wall Street reforms, President Obama continues to urgeCongress to finish implementing these reformsso that we can prevent excessive risk-taking and help create an economy that is built to last.

President Obama's Weekly Address 3/17/12 : Ending Subsidies for Big Oil Companies

WASHINGTON, DC— In this week’s address, President Obama called on all Americans to place their bets on America’s future as we reduce our dependence on foreign oil by expanding domestic oil and gas production, increasing the efficiency of the vehicles we drive, and investing in advanced technologies and alternative fuels. While there is no quick fix for the problem of high gas prices, the President has taken steps to save families money at the pump, including signing Wall Street reforms to stop traders from unfairly manipulating the energy market, and establishing historic fuel economy standards that will nearly double the efficiency of the vehicles we drive, saving families $1.7 trillion at the pump and reducing oil consumption by 12 billion barrels. We are also producing more oil at home than at any time in the last eight years, but with only 2% of the world’s proven oil reserves, drilling alone is not a solution. We must have an all-of-the-above energy strategy that invests in new technologies and ends the $4 billion in annual subsidies to oil companies that are earning historic profits. If you believe Congress should end these oil company subsidies once and for all, tell your elected officials that it’s time to put middle class families first, not the big oil companies.

 

President Obama's Weekly Address 10/23/10 : Letting Wall Street Run Wild Again

Pointing to the foreclosure crisis and the economy, the President cites passage of Wall Street Reform over the ferocious lobbying of Wall Street banks as a pivotal acheivement -- and condemns Republicans in Congress for vowing to repeal it.