President Barack Obama on Monday sought to capitalise on the anniversary of the bankruptcy of Lehman Brothers to urge Wall Street to co-operate with Congress to enact the “most ambitious overhaul of the financial system since the Great Depression”. His remarks, aimed at dispelling doubts that he can implement regulatory reform proposals by the year’s end, were also intended to reassure Americans that the era of big government bail-outs is ending.

This entry was posted by Gwen Robinson on Tuesday, September 15th, 2009 at 4:52 and is filed under Capital markets, People. Tagged with Barack Obama. Edit this entry.