Obama Turns to Wall Street Reform

NY visit will push for "fundamental change" to financial rulebook
By Mat Probasco,  Newser Staff
Posted Sep 14, 2009 6:52 AM CDT
President Barack Obama gestures while addressing a health insurance reform rally, Saturday, Sept. 12, 2009, in Minneapolis.   (AP Photo/Haraz N. Ghanbari)

(Newser) – As Washington wrangles over what shape health reform might take, President Obama heads to Wall Street today to remind it that financial reform is far from being forgotten, reports the Washington Post. On the one-year anniversary of Lehman Brothers' implosion, the president will push financial overhaul as urgent in order to prevent "banks (from) going back to the same things that they were doing before."

With powerful Dems Barney Frank and Chris Dodd leading the House and Senate finance committees respectively, the president stands a shot at keeping legislation on track to pass before year's end—which the White House sees as a must if it is to sidestep election-year quicksand.