obama i will protect us financial industry
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

President reveals watchdog nominations

Obama: I will protect US financial industry

Arab Today, arab today

Arab Today, arab today Obama: I will protect US financial industry

Barack Obama with Richard Cordray (L) and Mary Jo White (R)
Washington - Arabstoday

Barack Obama with Richard Cordray (L) and Mary Jo White (R) President Barack Obama promised Saturday to watch the US financial industry to prevent what he called "irresponsible behaviour" as he defended his nominations to key financial watchdog agencies .
The comments came after Obama nominated Mary Jo White to lead the Securities and Exchange Commission and Richard Cordray to continue as director of the Consumer Financial Protection Bureau.
The CFPB, set up under Obama's 2010 financial regulatory law, has the power to protect consumers from predatory banking practices and hidden conditions on loans. It can also crack down on debt and credit agencies.
"Here in America, we know the free market is the greatest force for economic progress the world has ever known," the president said in his weekly radio and Internet address. "But we also know the free market works best for everyone when we have smart, commonsense rules in place to prevent irresponsible behaviour."
He expressed the confidence that White and Cordray will be up to that task.
White has spent her career prosecuting high-profile fraud cases in New York and brought down mafia kingpin John Gotti, who headed the Gambino crime syndicate.
Cordray fought financial crime, serving as attorney general of the Midwestern state of Ohio.
"It's not enough to change the law -- we also need cops on the beat to enforce the law," Obama said, showcasing both nominations and urging the Senate to give both candidates a speedy approval.
The president also noted that he was determined to create more jobs, improve education and job training, reform the immigration system and fight gun violence in his second term.
"As president, my top priority is simple: to do everything in my power to fight for middle-class families and give every American the tools they need to reach the middle class," Obama said.

Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

obama i will protect us financial industry obama i will protect us financial industry

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

obama i will protect us financial industry obama i will protect us financial industry

 



GMT 04:22 2017 Tuesday ,26 December

Israel in touch with '10 countries' over embassy moves

GMT 19:43 2017 Friday ,06 October

Employee safety top priority at Khalifa Port

GMT 16:19 2017 Friday ,28 April

ISIS Suspect Arrested in Western Germany

GMT 12:57 2017 Monday ,11 December

50 Students Poisoned by Contaminated Well Water

GMT 16:31 2017 Thursday ,10 August

Palestinians will discuss decline of aids

GMT 21:15 2017 Saturday ,04 March

Obama never ordered surveillance on any US citizen

GMT 10:00 2017 Thursday ,09 March

Russia ‘can be good friends with GCC’

GMT 02:13 2017 Wednesday ,22 February

Russian helicopter crash kills 19 in Siberia

GMT 13:23 2017 Tuesday ,05 December

Lebanon PM Hariri rescinds resignation

GMT 00:39 2017 Tuesday ,05 December

Gunmen kill cleric in Aden, southern Yemen

GMT 11:43 2016 Thursday ,24 November

Will learn from Euro exit

GMT 06:56 2017 Tuesday ,17 October

US ‘not taking sides’ between Iraqi forces, Kurds

GMT 19:59 2017 Thursday ,16 February

Syrian opposition's chief negotiator arrives in Astana
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday