US Presidency
2010

That's why I feel so strongly that we need to enact a set of updated, commonsense rules to ensure accountability on Wall Street and to protect consumers in our financial system. Now, here's the good news: A comprehensive plan to achieve these reforms has already passed the House of Representatives. A Senate version is currently being debated, drawing on ideas from Democrats and Republicans. Both bills represent significant improvement on the flawed rules that we have in place today, despite the furious effort of industry lobbyists to shape this legislation to their special interests. And for those of you in the financial sector I am sure that some of these lobbyists work for you and they're doing what they are being paid to do. But I am here today specifically when I speak to the titans of industry here because I want to urge you to join us, instead of fighting us in this effort.