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WHAT A FUCKING JOKE : Obama today urged for quick new regulations to PREVENT another MELTDOWN like 2008...welcome to the party pal
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link to www.nytimes.com
Obama urged the nation’s top financial regulators on Monday to move faster on new rules for Wall Street, telling them in a private White House meeting that they must work to prevent a repeat of the 2008 financial crisis.
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Mark Wilson/Getty Images
Ben Bernanke, left, chairman of the Federal Reserve; Jacob Lew, the Treasury secretary; and other top financial officials met on Monday with President Obama.
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Daniel Rosenbaum for The New York Times
Senator Elizabeth Warren is among the lawmakers who have raised concerns that regulators are not moving quickly enough.
Aides said Mr. Obama also told the regulators that the United States needed a more simplified and certain system of financing housing. The president recently endorsed proposals to reduce the government’s role in providing mortgages.
Administration officials and some lawmakers have expressed frustration that critical parts of Mr. Obama’s overhaul of the financial system, which was voted into law three years ago and is known as the Dodd-Frank act, remain unenforced as an alphabet soup of federal
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