theGrio

Main menu

Skip to primary content
Skip to secondary content
  • Home
  • Politics
  • Business
  • Living
    • Health
  • Inspiration
    • Good News
  • Entertainment
    • Music
    • The Dish
  • News
    • Education
    • Sports
    • Black History

News

  • thanksgiving-travel-16x9.jpg

    Holiday safety tips

  • Meagan Good

    Good staying celibate

  • obama-and-choom-gang-16x9

    Obama's pot history

  • 2) I Am Legend (2007): In arguably one of his greatest dramatic performances, Smith held the screen virtually all by himself for most of this apocalyptic thriller's running time. He plays a military scientist who may or may not be the last man on the planet.  A scary good time at the movies.

    Will Smith's top 10 films

Obama kickstarts his drive for regulatory reform on Wall Street

by theGrio | September 14, 2009 at 11:15 AM
Comments
Print
HEALTHCARE.jpg

One year ago today Lehman Brothers collapsed and the financial panic began.

Investors and homeowners saw wealth wiped out and two administrations stepped in with massive bailouts and aid.

President Obama today highlights what has changed and what hasn’t.

Not a single new law has been enacted to prevent a repeat, but the president will say the economy’s better off.

“To rescue the financial system, to ensure that our domestic auto industry didn’t go out of business, and to stimulate the economy. That certainly cost a lot of money, but it’s something that we had to do,” said White House Press Secretary Robert Gibbs.

Thousands of protesters came to Washington this weekend, angry over those steps and wary of the Obama health care plan.

“They’re spending too much money we don’t have,” said protestor Graham Blanton.

“We must stop this government take over of health care,” said South Carolina Senator Jim DeMint.

One adviser to the President said more people need change than oppose it.

“I don’t think we ought to be distracted by that. My message to them is, they’re wrong,” said Senior White House Advisor David Axelrod.

Senate Democrats this week unveil the only reform bill with GOP input. It offers no optional government insurance.

“It’s not on the table. And it won’t be. We’ll be using the co-op as an option at this point,” said Maine Senator Olympia Snowe.

Will Senator Snowe or any GOP Senators support it?

“We invite the Republicans to join us for this historic opportunity. If they do not, we are still going to go forward,” said Illinois Senator Dick Durbin.

Changes are being made still.

Filed in: Money, News, Top Stories | Related Topics: Automaker, Health Care Reform, Lehman Brothers
  • Top Stories in News

    • Slideshow: The 15 best dunkers in NBA history Slideshow: The 15 best dunkers in NBA history
    • The noose makes a comeback The noose makes a comeback
    • Hidden WWII film could aid today’s vets Hidden WWII film could aid today’s vets
    • Serena Williams says sister Venus is ‘inspiring’ Serena Williams says sister Venus is ‘inspiring’
    • ‘Man with 30 kids’ actually has 24
    • Rape conviction overturned: Now what?
    • Marvin Winans’ license suspended when carjacked
    • DNA study seeks origin of Appalachia’s African-Americans
  • New Stories on theGrio

    • How Harry Truman desegregated the military How Harry Truman desegregated the military
    • How WWII vets helped lead the civil rights fight How WWII vets helped lead the civil rights fight
    • Rangel on black America’s truest heroes Rangel on black America’s truest heroes
    • Remembering America’s black war heroes Remembering America’s black war heroes
    • Beyoncé performs for first lady, Malia and Sasha
    • Rape conviction overturned: Now what?
    • Rap Genius: Top 5 rap lyrics of the week
    • Hidden WWII film could aid today’s vets
  • LIKE TheGrio

  • Hot on Facebook

  • Category Cloud

    Atlanta Black History Business Chicago Detroit Education Entertainment Health Inspiration Living Los Angeles Miami Money News New York Opinion Philadelphia Politics Reviews Service and Activism Slideshow Sports TheGrio's 100 TheGrio's 100 Women Top Stories Travel and Leisure Video Washington DC
  • More from theGrio

More Stories on theGrio

Top News

Politics

  • Silvio Berlusconi leaves after the AC Milan Christmas Party at the Royal Pavilion at the Central Station on December 14, 2011 in Milan, Italy. (Photo by Claudio Villa/Getty Images)

    Woman claims she dressed like Obama for Berlusconi

  • Florida voters support 'Stand Your Ground' law

  • Marion Barry: I misspoke when I said 'Polacks'

  • Obama's pot history

» Read More in Politics

Business

  • © olly - Fotolia.com

    Black Enterprise celebrates largest black companies

  • Facebook unveils Instagram rival

  • Donna Summer album sales up 3,277 percent

  • 5 resources for black entrepreneurs

» Read More in Business

Living

  • thanksgiving-travel-16x9.jpg

    Holiday safety tips

  • Good staying celibate

  • 'He tucks me in,' first lady says of president

  • Obesity costs: The new second-hand smoke?

» Read More in Living

Inspiration

  • Original Tuskeegee Airman Leonard Yates greets Quinn Thorne on his birthday.

    Tuskegee Airman grants b'day wish

  • Serena Williams says sister Venus is 'inspiring'

  • Investors plan soccer stadium for Haiti

  • Meet the breakout star of 'Battleship'

» Read More in Inspiration

Entertainment

  • Rapper 50 Cent performs onstage during day 3 of the 2012 Coachella Valley Music & Arts Festival at the Empire Polo Field on April 15, 2012 in Indio, California. (Photo by Christopher Polk/Getty Images for Coachella)

    50 Cent endorses marrige equality

  • Beyoncé's announces first post-baby concerts

  • Diddy's son earns $54K football scholarship

  • Will Smith's top 10 films

» Read More in Entertainment

News

  • This May 24, 2012 file photo shows Brian Banks reacting in court after his rape conviction was dismissed in Long Beach, Calif. (AP Photo/Nick Ut)

    Rape conviction overturned: Now what?

  • Hidden WWII film could aid today's vets

  • Backlash against African migrants in Israel

  • Black family members skip European soccer championship

» Read More in News

Main menu

Skip to primary content
Skip to secondary content
  • Politics
  • Business
  • Living
  • Inspiration
  • Entertainment
  • News
  • Help
  • Terms of Service
  • Privacy Policy
  • Advertise with TheGrio
  • About
©2009 NBCUniversal
Powered by WordPress.com VIP