Obama:Stop Banks From Threatening Economy Again


President Obama corrects some of the misinformation that’s been circulating about banking and Wall Street reform. Key quote at 3:02

“With reform, we’ll make our financial system more transparent by bringing the kinds of complex, backroom deals that helped trigger this crisis into the light of day. We’ll prevent banks from taking on so much risk that they could collapse and threaten our whole economy. And we’ll give shareholders more of a say on pay to help change the perverse incentives that encouraged reckless risk-taking in the first place. Put simply, Wall Street reform will bring greater security to folks on Main Street.”

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