President Obama is currently in the process of his second largest reform in his presidency. This reform is focused on those of the financial industry, which has been down for quite some time now. The president will speak in New York later today, in hopes to address many of the problems that our financial industry is facing, and in the end will avoid a similar meltdown on Wall Street that occurred in 2008. This meltdown led to the current recession that we are in today. There have been rumors that the white house plans to compromise a 50 billion dollar liquidation fund; however there have been many that have opposed this idea. Obama is taking a more aggressive hands on approach has speed up the process of putting this reform in act. This is good news for any Americans, because The White House is working more efficiently with each other as opposed to the long months that it took to pass the Health Care reform. Overall this article made me happy to see that our President is doing everything he can in order to make our economy better.
http://www.cnn.com/2010/POLITICS/04/22/analysis.obama.wallstreet/index.html
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I was very happy to read your post and your article. It is no secret that our economy has been in really bad shape. Some even say this is the worst it has been since the great depression. This reform act sounds like a great thing and the fact that President Obama is doing all that he can to get the ball rolling, it wonderful. I am sure that there will people who oppose the method he is using to do this (the liquidation fund). But I agree with you when you say you are just happy he is doing all that he can to turn our economy around. It was nice to read a positive article this week.
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