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Wednesday, June 17, 2009

WATCH: Pres. Obama Proposes New Financial Regulations, Beefs Up The Federal Reserve's Power (Video)














"Millions of Americans who have worked hard and behaved responsibly have seen their life dreams eroded by the irresponsibility of others and the failure of their government to provide adequate oversight."

"Mortgage brokers will be held to higher standards, exotic mortgages that hide exploding costs will no longer be the norm, home mortgage disclosures will be reasonable, clearly written, and concise."

President Barack Obama, June 17, 2009




Sources: MSNBC, Whitehouse.gov

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