Obama's Weekly Address on Wall Street Reform Oct. 23

Obama is talking about John Boehner:

House Minority Leader John Boehner, R-Ohio, told reporters, "I think it ought to be repealed. There are common sense things that you should do to plug the holes in the regulatory system that were there, and to bring more transparency to financial transactions, because transparency is like sunlight. Sunlight is the best disinfectant." CNN

Essentially, the republicans have said that they will repeal every major piece of legislation that Obama's signed.

Obama Signs Wall Street Reforms July 21

Another major piece of legislation done.

A simple animated explanation of what Wall Street reform means for you:

Obama will sign the financial reform bill at 11:30 am eastern. See who will be there here.
For the rest of Obama's public schedule today, Obama will have lunch with Joe Biden, meet with senior advisers and get an update on the oil spill.

Obama Urges Completion of Wall Street Reforms

The financial reforms are expected by July 4. This is Obama's weekly address:

Barney Frank on Wall Street Reform

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Obama Explains Wall Street Reform

In Obama's weekly address, he explains the consumer protections in the financial reform bill.

Obama Cooperative Banker

There's at least one banker working with the Obama administration on Wall Street reforms, Brian Moynihan, ceo of Bank of America:

Moynihan, in an April 30 interview with Fox Business Network, said there is a “tough” tone in Washington, though Obama had done “a great job” and is “working hard to try to figure out a solution.”
That praise stands in contrast with comments by JPMorgan Chase & Co.’s CEO, Jamie Dimon. He has visited the White House at least four times in the past seven months, records show, and was largely supportive of the administration’s efforts to rescue the economy last year. As the regulatory overhaul was introduced, he took a more combative stance. BW

Obama's Wall Street Reform Speech in Quincy Video

Obama stopped in Quincy, Illinois yesterday.

Obama's Wall Street Reform Ideas

Poster by artist Alex Ross (for any wingnuts visiting, this is just a poster, you know, art)

Austan Goolsbee, a senior economic adviser to Obama, told Reuters in an interview that the Democratic candidate could begin a push for a financial regulatory overhaul early if he is elected to the White House.

Following are six principles Obama has laid out that would form the basis of his plan.

- Any institution that has access to credit from the Federal Reserve in its role as lender of last resort must be subject to basic supervisory oversight by the Fed. Those regulations should include liquidity and capital requirements.

- Regulations of financial institutions should be tightened up with steps such as a strengthening of capital requirements and guarding against conflict of interest by rating agencies. The U.S. effort should include coordination with regulators abroad to try to achieve some consistency. Read the rest.

More from Goolsbee.

Obama on business. 

Jim Cramer: Under Obama Wall Street would rebound.