一 Prepared Remarks of President Barack Obama Weekly Address Saturday, May 15th, 2010 On Thursday, I paid a visit toa small business in Buffalo, New York, a town that ’s been hard hit in recent decades. I heard from folks about the struggles they ’ve been facing for longer than they care to remember. And I talked with them about what my administration is doing to help our families, our small businesses, and our economy rebound from this recession. Jumpstarting job creation in the private sector and fostering a climate that encourages businesses to hire again is vitally important – and I’ ll continue working hard to make sure that happens. But my responsibility as President isn ’t just to help our economy rebound from this recession – it’s to make sure an economic crisis like the one that helped trigger this recession never happens again. That ’s what Wall Street reform will help us do. In recent weeks, there ’s been a lot of back and forth about the reform bill currently making its way through Congress. There ’s been a lot of discussion about technical aspects of the bill, and a lot of heated – and frankly, sometimes misleading – ing from opponents of reform. All of this has helped obscure what reform would actually mean for you, the American people. So, I just wanted to take a few minutes to talk about why every American has a stake in Wall Street reform. First and foremost, you have a stake in it ifyou ’ve ever been treated unfairly bya credit pany, misled by pages and pages of fine print, or ended up paying fees and penalties you ’d never heard of before. And you have a stake in it ifyou ’ve ever tried to take out a home loan, a car loan, ora student loan, and been targeted by the predatory practices of unscrupulous lenders. The Wall Street reform bill in Congress represents the strongest consumer financial protections in history. You ’ ll be empowered with the clear and concise information you need to make the choices that are best for you. We ’ ll help stop pred
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