The President Economic Recovery Advisory Board met this afternoon about Wall Street Reform. President Obama said:
We can’t allow history to repeat itself. Never again should American taxpayers be forced to step in and pay the price for the responsibility of speculators on Wall Street who made risky bets with the expectation that taxpayers would be there to break their fall. And we can’t leave in place a tattered set of rules that will allow another crisis to develop without the tools to deal with it. And that’s why I expect that we are going to have a strong reform proposal that demands new accountability from Wall Street and provides new protections for consumers.
Read the totality of the President’s remarks on The Whitehouse.
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