Ag News
Wall Street Reforms
Thu, 22 Jul 2010 6:00:16 CDTPresident Obama has signed
the Dodd-Frank Wall Street Reform Act into law - legislation that includes
strong reforms of the derivatives market authored by Senate Ag Committee
Chairman Blanche Lincoln. Obama says the recession America has faced over the
past two years was caused by various factors - but a primary cause was a
breakdown in the nation’s financial system. He says the reform will help foster
innovation, make sure everyone follows the same rules and demand accountability
and responsibility from everyone. He says it will also provide certainty to
everyone - including farmers.
style="FONT-FAMILY: arial; FONT-SIZE: 10pt">The President says the reforms
represent the strongest consumer financial protections in history. Those
protections will be enforced by a new consumer watchdog looking out for the
people as they interact with the financial system. He says that’s great for
consumers and the economy – and adds the reforms will help lift the U.S. economy
and lead everyone to a stronger, more prosperous future.
style="FONT-FAMILY: arial; FONT-SIZE: 10pt">Senate Ag Chairman Lincoln says she
is proud to have played a major role in the historic legislation that provides
accountability and transparency to Wall Street and brings real reform to the
nation’s financial markets.
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