Newsmax
President Barack Obama rebuked Wall Street for risky practices Thursday even as he sought its leaders’help for "updated,common-sense"regulations to head off any new financial crisis.
"Ultimately there is no dividing line between Main Street and Wall Street. We rise or we fall together as one nation. So I urge you to join me,"Obama said in a high-stakes speech near the nation’s financial hub.
The president acknowledged differences of opinion over how to protect bailout-weary taxpayers but denounced criticism from some Republicans who claim a Democratic-sponsored bill headed for Senate action would encourage rather than discourage future bailouts of huge banks.
"That may make for a good sound bite,but it’s not factually accurate,"Obama said. The overhaul legislation would "put a stop to taxpayer-funded bailouts,"he said.
Obama’s speech came at a delicate time in negotiations over the Senate measure,which could be debated next week. The House has passed its own version for a financial overhaul. Obama did not say which one he favors but told an audience that included dozens of financial leaders:"Both bills represent significant improvement on the flawed rules we have in place today."
He portrayed his appearance at Cooper Union college in lower Manhattan as a reprise of a campaign speech he gave at the same location in March 2008 to offer an agenda for financial regulatory reform.
IMPEACH OBAMA IN 2010 http://www.impeachobamacampaign.com/
All this inexperienced,empty suit does is gives speeches,While those anti- American czars are back in the White House basement plotting this crazy liberal agenda. He is like the monkey performing as the USA slides down hill!!