When the President came into office, the scope of the challenges and the change needed to address them seemed overwhelming, and maybe more than Washington could handle. But one by one, these monstrous challenges are being met, despite fierce opposition from hordes of lobbyists driven by a desire to protect a lucrative status quo and an opposition party driven by politics at any cost. Indeed, as the President praised final passage of Wall Street Reform today, he was forced to point out that “Already, the Republican leader in the House has called for repeal of this reform. I would suggest that America can’t afford to go backward and I think that’s how most Americans feel as well.”
With the final version of Wall Street Reform having passed the Senate this afternoon, and the House having passed it weeks ago, the bill now comes to the President’s desk. The President thanked those in Congress who stood strong, and noted that first and foremost, “Because of this reform, the American people will never again be asked to foot the bill for Wall Street’s mistakes.” But that is only a part of what reform means for the American people, and only part of what makes this almost universally described as the most sweeping reform of Wall Street since the great depression:
Fonte: White House