Obama Flexes His "PIMP HAND" On Wall Street

Via C-SPAN

PRESIDENT OBAMA SIGNS WALL STREET BILL INTO LAW
www.c-span.org

President Obama signed into law today the financial regulation bill (H.R. 4173), the Restoring American Financial Stability Act of 2010, which has been one of the White House’s top domestic priorities after the passage of health care legislation.

The legislation creates a Consumer Financial Protection Bureau, which will have authority over a large segment of the financial industry with broad enforcement powers. The 2,315-page bill, prompted by the 2008 financial collapse, also establishes a new board of regulators to monitor large transactions in the system and gives the government new authority to handle failing firms whose deterioration could drastically affect the markets.

(July 15,  2010 video)