Obama presses Wall Street in renewed regulatory reform push

08:29, April 23, 2010      

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U.S. President Barack Obama urged Wall Street to support his financial reforms that will enhance accountability of the financial sector during a speech delivered at New Youk on Thursday.

U.S. President Barack Obama speaks to the media at the Rose Garden of the White House in Washington D.C., capital of the United States, April 9, 2010. (Xinhua File Photo)

Speaking at the Cooper Union College in lower Manhattan, a few blocks away from Wall Street, Obama said that financial reforms are not only in the best interest of the country, but in the best interest of our financial sector.

"I want to urge you to join us, instead of fighting us in this effort," he said.

Recapping what he discussed in the last speech given at Cooper Union in 2008 before the crisis unfolded, Obama emphasized that Wall Street reform is "an absolutely essential part of the foundation for economic growth," given the importance of the financial sector.

In his latest effort to promote financial reforms for public support, Obama started travelling around the country this week, the same time as the Senate is debating on the financial regulation reform bill.


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http://english.people.com.cn/90001/90777/90852/6960508.pdf