President Obama Vows To Veto Any Republican Bill That Unravels Wall Street Reform

The President said while speaking in Birmingham, AL:

This is just one more way that Wall Street reform, what we passed five years ago, is protecting working families and taxpayers, and that strengthens the economy, and that’s one more why it makes no sense that the Republican budget would make it harder for the CFPB to do its job. And would allow Wall Street to go back to the kind of recklessness that led to the crisis in the first place, and would allow these kinds of lenders who are not doing the right thing to keep at it.

I have to be clear. If Republicans in Congress send me a bill that unravels the reforms we put in place, if they send me a bill that unravels Wall Street reform, I will veto it.

This is not about politics. It’s is about basic values of honesty and fair play. It’s about the basic bargain that says here in America hard work should pay off and responsibility should be rewarded.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s