U.S. President Barack Obama Monday urged bank regulators to execute a sweeping overhaul of lending and high finance rules that he signed into law three years ago, the White House said. Obama met with the regulators during a private meeting at the White House. The president’s push for action came as the five-year anniversary of the country’s financial near-meltdown approaches. The law, when passed in 2010, was considered a milestone in Obama’s presidency, a robust response to the crisis that led to a massive government rescue to stabilize the financial markets. According to a statement released by the White House, Obama commended regulators for their work but stressed the need to finish implementing remaining portions of the law promptly. “The President commended the regulators for their work but stressed the need to expeditiously finish implementing the critical remaining portions of Wall Street Reform to ensure we are able to prevent the type of financial harm that led to the Great Recession from ever happening again,” the statement said. “The President also discussed the housing market including the need for a more simplified and certain housing finance system that better serves middle class families,” the White House said.
GMT 11:02 2018 Tuesday ,11 December
ASE opens trading on lower noteGMT 15:40 2018 Monday ,10 December
Amman stock market closes trading at JD4.4 millionGMT 19:10 2018 Wednesday ,05 December
Index at Palestine stock market drops by less than one pointGMT 17:58 2018 Sunday ,25 November
Amman stock market wraps up trading at JD2.6 millionGMT 14:24 2018 Thursday ,22 November
Russia’s stock market demonstrates record-breaking figures in 2018GMT 11:45 2018 Tuesday ,20 November
Tokyo stocks close lower as tech issues weigh, Nissan tumblesGMT 15:08 2018 Monday ,19 November
Amman stock market wraps up trading at JD6.1 millionGMT 15:51 2018 Sunday ,18 November
U.S. stocks post weekly losses amid tech shares routMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor