Inside Story - Preventing another financial crisis - 15 Dec 09
- 12 years ago
Barack Obama, the US President is running out of patience with US bankers, whom he accused of fighting common sense consumer protections.
In a meeting on Monday he urged them to support new legislation to reform Wall Street. And he told them they owed it to the country to help the economy by lending more money to small businesses.
It comes after a clearly irritated president said he did not run for office just so he could help out a bunch of fat cat bankers.
But does the new legislation go far enough? And will it prevent another financial crisis from happening again?
In a meeting on Monday he urged them to support new legislation to reform Wall Street. And he told them they owed it to the country to help the economy by lending more money to small businesses.
It comes after a clearly irritated president said he did not run for office just so he could help out a bunch of fat cat bankers.
But does the new legislation go far enough? And will it prevent another financial crisis from happening again?