Remarks of President Barack Obama
As Prepared for Delivery
The White House
Saturday, December 10, 2011
Today, America faces a make-or-break moment for the middle class.
After the worst economic crisis of our lifetimes, some still want to return to the same policies that got us into this mess. They’re the same policies that have stacked the deck against working Americans for too long. They’re part of a philosophy that says we’re better off when everyone is left to fend for themselves and play by their own rules.
But I have a different vision. I believe that we are greater together than we are on our own. I believe that this country succeeds when everyone gets a fair shot, everyone does their fair share, and everyone engages in fair play.
To ensure fair play, last year, we passed the toughest financial reform in generations.
See, for too long, the rules weren’t the same on Wall Street as they were on Main Street. Risky bets were made with other people’s money. Some folks made a lot of money taking advantage of consumers. It was wrong. And this irresponsible behavior on the part of some contributed to the worst financial crisis since the Great Depression.
So this financial reform refocuses the financial sector on what’s really important: getting capital to entrepreneurs who want to grow their businesses, and financing to millions of families who want to buy a house or send their kids to college.
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