Obama Urges Final Action on Wall Street Reform, Says on 'Verge of Victory'

Out-standing job from the president and his administration..only two more to go..and success greets you with open arms..

Just as we have laws against murder, stealing, etc., sadly we need regulations to ensure businesses do the correct thing for the better good of society. After the Great Depression, many regulations were put into effect to try to ensure no future failings of our banking system. And those regulations worked quite well until big business convienced Congress that DEREGULATION would be good for our Nation. Well, we can add that to "I'll still respect you in the morning" and "The check is in the mail". Deregultion is what allowed the greed, and lack of morals and ethics, to nearly destroy our great Nation! The majority of Americans still have not recovered from this. I am grateful for Congress working towards replacing those needed regulations. GOD BLESS AMERICA!

These are some modest reforms for Wall Street so that bankers and their ilk are not able to steal quite as much from the American people. Obviously republicans oppose it because it tries to regulate those hedge fund billionaires who keep them in power.

When is Obama going to pass government reform? They are the biggest source of financial chaos...

dreamlord6511:07 PM Jun 26, 2010
That confidence and stability helped cause the banking collapse.
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The banking collapse was caused by confidence and stability? That's a unique perspective...

....and the two biggest offenders Fannie and Freddie remain unscathed.

I am no fnancial wizard; only a typical blue collar American. I sense this Financial Reform Package is still way too lenient on the corporate/finacial good old boy network that's always in bed with the political bureaucracy. No doubt, both parties, using the guise of "bipartisanship," emplaced numerous loopholes which are cleverly concealed, on purpose; as well as the general bill written so as not to be "too rigid" in order to maintain the status quo. There is absolutely no doubt in my mind, "Wall Street is once again laughing at the American taxpayer...all the way to the Bank!"

The so called financial reform bill is just another government intrusion into private enterprise and making the government bigger. Sen. Dodd said the bill isn't perfect but it has to be passed in order to find out what's in it. Sound familiar? Why doesn't Congress fix what's broken and not intrude into the lives of American consumers? Government has proven that they can't manage anything well so why do we think that they can manage the financial institutions? We need smaller government..not larger government !

Just more government control and uncertainty. Business and investment grows on confidence and stability. obama's policies foster neither...

After watching the stunning "victory" of the stimulous, or the victory of the cars for clunkers, or the victory of the continued BAIL OUTS with our money, I find everytime he speaks the word 'victory" we better watch out.