the WHITE HOUSEPresident Barack Obama

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Weekly Address: Financial Reform to Protect Consumers

Summary: 
The President explains his plan to address one of the major causes of the current economic crisis
The President explains his plan to address one of the major causes of the current economic crisis – the breakdown of oversight leading to widespread abuses in the financial world. The new Consumer Financial Protection Agency will have the sole job of looking out for the financial interests of ordinary Americans by banning unfair practices and enforcing the rules. This is a cornerstone in America’s new economic foundation.
 
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