Obama Talks TIME’s Wall Street Cover Story on ABC’s This Week


President Barack Obama told George Stephanopoulos on on ABC’s This
 on Sunday that while he believes “the banking system works,”
America isn’t “near where we need to be” in terms of
an economic

Marking the
fifth anniversary of the collapse of Lehman Brothers this weekend, Stephanopoulos
questioned Obama about his views on financial reform, citing TIME’s latest cover: “I’m looking at the
cover of TIME Magazine this week.  It says, “How Wall Street Won.”  And we’ve got
polls showing that, you know, two thirds of the country still think we’re going
in the wrong direction, think the economy is no more secure.  What do you
say to those Americans who think Wall Street is winning but they’re not?” Obama

explained that his policies are designed to better prepare the banking system
for economic distress but that there is still a long way to go.

In a blog posted on the U.S. Treasury Department’s website
on Friday, Deputy Assistant Secretary for Public Affairs Anthony Coley
responded to TIME Assistant Managing Editor Rana Foroohar’s cover story,
agreeing that there is “still more to do to protect taxpayers, consumers and
our financial system” in order to contend the economy is no longer at risk, but
that calling financial reform a “myth” — as Foroohar did in her cover story —
is “wrong”. Foroohar’s response to the Treasury Department’s criticism can be
found here.

Read more: Time



Want Latest Controversial News? Download the Linjust app for Android Phones.

Do you suspect your loved one is cheating on you ? Find out with this amazing app.Records all calls, text messages, surroundings of the phone even when not on a call and more.

Looking For a Well-Paid Job? Start working as a Movie Extra & Earn up to $300/day

YOUR AMERICAN DREAM IS IN YOUR HANDS. 50,000 People and their families wins the GREEN CARD lottery every year.2017 REGISTRATION HAS STARTED! CLICK HERE to Submit your green card application today!

Study in USA with an official American Green Card. CLICK HERE

Enjoy sex again, save your marriage, all thanks to Gods gift! [United states only]

Teeth Whitening system can deliver whitening results similar to those you’ll get when you pay hundreds or even thousands of dollars at the dentist.[This Offer is available only for UK]

Like it? Share with your friends!

Leave a Reply

Be the First to Comment!


log in

reset password

Back to
log in