Obama To Wall St.: Stop Fighting Finance Reform

Law360, New York (April 22, 2010, 1:37 PM EDT) -- In a fiery speech delivered blocks from Wall Street, President Barack Obama on Thursday told financial firms he wanted them to drop their lobbying fight against the core principles of financial regulatory legislation, saying they had just as much to gain from comprehensive reform as Main Street.

The president's speech at Cooper Union — where he delivered a similar warning in March 2008 about the systemic perils of a “distorted” market benefiting Wall Street at the expense of Main Street — marked a final push by...
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