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April 23, 2010

Obama Urges Wall St. to Back Financial Reform
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President Obama continued his push for overhauling financial regulation
Thursday with a speech before Wall Street executives in New York.
Speaking at the historic Cooper Union, Obama urged major financial firms
to accept reform.

President Obama: “I believe in the power of the free market. I believe
in a strong financial sector that helps people to raise capital and get
loans and invest their savings. That’s part of what has made America
what it is. But a free market was never meant to be a free license to
take whatever you can get, however you can get it.”

Senate Majority Leader Harry Reid says he’ll seek a cloture vote to take
up the legislation as early as Monday. Democrats will need the support
of at least one Republican to avoid a filibuster.



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