Obama Turns Efforts To Financial Changes

Yes, follow the example of the Obama administration and usher in a new era of fiscal responsibility as indicated by responsible spending.

Obama Turns Efforts To Financial Changes

Wall Street Trip Is to Urge New Rules

By Brady Dennis

Washington Post Staff Writer
Monday, September 14, 2009

President Obama will head to Wall Street on Monday to try to breathe new life into efforts to overhaul the financial regulatory system, an undertaking he has said is essential to halting the abuses and failures that led to the current crisis.

While the health-care debate has raged nationwide throughout the summer, financial reform virtually vanished from the public radar, even as an army of lobbyists worked on Capitol Hill to reshape the president's agenda.

In New York, Obama will try to retake the initiative, capping other recent efforts in which top government officials have emphasized improvements in the economy and made the case anew for rewriting the nation's financial rulebook. He will urge members of the financial community "to take responsibility, not only to support reforming the regulatory system but also to avoid a return to the practices on Wall Street that led us to the financial crisis," an administration official said Sunday.

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