Monday marks the first anniversary of the collapse of Lehman Brothers Holdings Inc., and President Obama is not going to let the day pass without focusing attention on his ambitious plan to overhaul financial regulations.
Obama will appear at Federal Hall, on Wall Street, the same place George Washington took the oath of office as the first president, to discuss the need for new rules governing the trading of financial derivatives and tighter regulation of banks and capital markets to better protect consumers.
Press Secretary Robert Gibbs said Friday that the president was using the occasion to remind Americans just how close the economy came to the brink, and to sell a series of steps "to ensure what happened a year ago won't happen again." Read more at The Deal
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