President Barack Obama said on Tuesday proposed U.S. financial regulatory reforms aim to hold Wall Street accountable and protect consumers."The reforms we've proposed are in no way designed to hamstring businesses," Obama said.The president's comments came as the Senate prepared to cast its first votes on sweeping Wall Street reform legislation."As we've learned so painfully in recent years, government has an obligation to set basic common sense rules in the marketplace," Obama said."This is not a hindrance. It's essential to the functionings of the market," he said. "In the absence of these rules it becomes more attractive for some to game the system than to compete and innovate honestly within it."(Reporting by Tabassum Zakaria; Editing by Doina Chiacu)News posted by www.newsinfoline.com
Click here to read more news from www.newsinfoline.com
Please follow our blogs
newsinfolinephotogallery
prabugallery
newsinfolinephotogallery1
photogallery1
No comments:
Post a Comment