Obama attacks
April 22, 2010 | federal legislation, industry | Comments (0)He is going to stick it to Wall Street today. From The Washington Post:
President Obama’s speech in Manhattan on Thursday marks the culmination of a strategic, month-long acceleration of his personal involvement in financial regulation, according to White House and Treasury Department officials.
The appearance at Cooper Union just before midday comes as bipartisan negotiators on Capitol Hill continue to make progress in their efforts to overhaul federal laws impacting big banks and other financial institutions.
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“We’ve known that there would be millions of dollars spent by opponents of reform and allies of Wall Street to kill or weaken this bill,” said White House deputy communications director Jen Psaki. “With that in mind, the goal from the White House has been to make the argument clear on what’s at stake.”
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