Wednesday
Mar182009
Obama calls for new financial regulating body
By Michael Ruhl, University of New Mexico - Talk Radio News Service
President Barack Obama said that his administration is working on establishing a new regulatory framework to prevent future situations such as the one the government faces with AIG. Obama said these would be part of his broader economic plan, and would serve as tools to help maintain balance. The new body would be similar to the FDIC, and would protect consumers, investors, and depositors. (01:47)
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President Barack Obama said that his administration is working on establishing a new regulatory framework to prevent future situations such as the one the government faces with AIG. Obama said these would be part of his broader economic plan, and would serve as tools to help maintain balance. The new body would be similar to the FDIC, and would protect consumers, investors, and depositors. (01:47)
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tagged AIG, Barack Obama, Congress, Michael Ruhl, Ruhl, bailout, economic crisis, michael, michael t ruhl, michaeltruhl, president, regulation in Audio, White House
"We're up to the challenge"
Following the President's address to Congress on Tuesday evening, Michael Ruhl spoke to Representative Sam Farr (D-CA). Farr called the speech "The strongest President Speech I've ever heard since I've been in Congress", a speech that displayed the President's "commitment to making this nation an opportunity for all". He continued by saying that he thinks the American public is "up to the challenge", and likened it to the mission to the moon, except that this time everyone is involved in making it happen. He said that he was excited about facing the challenge, because it is what he was elected to do. (01:20)
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