Don't Fight Reform, Obama Warns Wall St. at NYC Dinner

Still, president reminds finance industry, 'we're in this together'
By Will McCahill,  Newser Staff
Posted Oct 20, 2009 9:15 PM CDT
Marine One, with President Barack Obama aboard, departs Manhattan after his appearance.   (AP Photo)
camera-icon View 1 more image

(Newser) – At a fundraising dinner tonight in New York attended by (among others) the sorts of financial types who could afford the $30,400-per-couple entry fee, President Obama wagged a finger at Wall Street. “I would ask that you join us in passing what are necessary reforms,” he said in addressing the interested parties. “Don’t fight them.”

“This is important for our country and in the long run it will be good for the financial industry to have a level playing field in which everybody knows the rules and everybody knows the rules will be enforced,” Obama added, despite what Carol Lee, in Politico, calls “an increasingly awkward dynamic between the president and Wall Street,” also noting “the fact that we’re in this together.”