奥巴马讲话维护华尔街改革成果

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Hi, everybody. I'm here with Senator Elizabeth Warren, one of our strongest advocates for families and consumers like you.

Today, we want to talk about some of the actions we've taken to protect everything you've worked so hard to build. Eight years ago, after some big banks made irresponsible and risky bets with your money, we almost slipped into another Great Depression. While the recklessness started on Wall Street, it didn't take long before it led to real pain for folks on Main Street.

It would cost millions of our fellow Americans their jobs, homes, and savings. The financial crisis wasn't an unstoppable act of nature. The whole thing could have been avoided, but we didn't have the rules in place to stop Wall Street from taking enormous risks that threatened the whole economy.

We didn't have strong protections to keep consumers from being cheated by tricks and traps on financial contracts. So when I took office in the darkest days of the crisis, I promised you we wouldn't just recover from crisis we'd rebuild our economy on a new foundation to make sure a crisis like that never happens again.

And President Obama delivered. He signed into law the toughest Wall Street reforms and strongest consumer protections in generations.Now, trust me - I'm a pretty tough grader.

These new rules are making our financial system more transparent, getting rid of a lot of fine print, and making sure that if a bank screws up, you have someone to call so you don't get stuck with the bill. These reforms have already made our financial system safer and more resilient.

And part of passing those strong consumer protections meant establishing the first-ever Consumer Financial Protection Bureau, based on an idea that Senator Warren came up with before the crisis even began.

Every day, the good people at that independent agency crack down on dishonest and deceptive practices like the ones that helped cause the crash. The proof is in the more than 27 million consumers who in just five years have gotten refunds and other relief from credit card companies,pay day lenders, debt collectors, and others that tried to rip them off.

Before the Consumer Financial Protection Bureau, you didn't have a strong ally to turn to if your bank took advantage of you, or you were being harassed or charged inappropriate fees. Now you do.

The Bureau is also there to help you make better-informed decisions. Before you take out a mortgage, or a loan for college or a new car, check out the agency's website - CFPB.gov. It can help you sift through the confusing but very important details.

Republicans and big banks who opposed these commonsense rules claimed they'd hurt the economy. But we've seen what happened to the economy when we didn't have these rules in place. And despite their claims, our economy is stronger today than it was before the crisis.

Since we dug out from the worst of it, our businesses have added almost 15 million new jobs. Corporate profits are up, lending to businesses is up, and the stock market has hit an all-time high. So the idea this was bad for business just doesn't hold water.

Now our task should be making sure we build on those gains, and make sure they're felt by everybody. But every year, like clockwork, big banks and their Republican allies in Congress try to roll back these protections and try to undermine the consumer watchdog, whose only job is to look out for you.

Their nominee for President promises to dismantle all of it. Now look, they may have forgotten about the crisis, but working families sure haven't. And we haven't either. And that's why we're not going to let them give Wall Street the ability to threaten our economy all over again.

Whether you're a Democrat, a Republican, or an independent, if you're a hardworking American who plays by the rules, you should expect Wall Street to play by the rules, too. That's what we're fighting for.

It's about basic fairness for everyone. And it's about responsibility from everyone.Thanks to leaders like Senator Warren, our country, our economy, and our families are better off. Let's keep it that way. And thanks for being here, Elizabeth. Thanks for having me, Mr. President.