“Secret deals and reckless gambling”
October 25, 2010 | Financial Reform Bill - CFPB | Comments (0)President Obama certainly isn’t referring to us. From the story:
In his weekly address, President Obama said the coming financial reform will defend the interests of the middle class, as the Consumer Financial Protection Bureau will guard against unfair practices in mortgages and foreclosures.
He said one goal of the reform package is to “rein in secret deals and reckless gambling that nearly brought down the financial system.”
“We’re also seeing the reverberations of this crisis with the rise in foreclosures,” President Obama said. “And recently, we’ve seen problems in foreclosure proceedings – mistakes that have led to disruptions in the housing markets. This is only one more piece of evidence as to why Wall Street Reform is so necessary.”
Comments»
No comments yet.