A year from Lehman Bros. collapse, Pres. Obama promises changes to Wall St.?
source: http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2009/09/14/national/w010749D21.DTL&tsp=1
"President Barack Obama is going to Wall Street on the first anniversary of the Lehman Brothers collapse to outline financial changes to avert a future crisis like the one that sent the global economy into a tailspin.
Obama has called on Congress to pass a sweeping overhaul of how financial institutions behave but has seen slower-than-sought action. Administration officials said the president will use Lehman Brothers as a starting point to again decry a hands-off approach from Washington that enabled irresponsible lending that sent the nation's largest financial institutions to the brink of collapse and the larger economy to the edge."
Obama has called on Congress to pass a sweeping overhaul of how financial institutions behave but has seen slower-than-sought action. Administration officials said the president will use Lehman Brothers as a starting point to again decry a hands-off approach from Washington that enabled irresponsible lending that sent the nation's largest financial institutions to the brink of collapse and the larger economy to the edge."
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- groups:
- Community
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- tags:
- Obama, Wall Street, Lehman Brothers
