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

(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.”

Marine One, with President Barack Obama aboard, departs Manhattan after his appearance. (AP Photo)

President Barack Obama speaks at a Democratic National Committee fundraiser in New York tonight. (AP Photo)

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

Still, president reminds finance industry, 'we're in this together'

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Wall Street • finance • financial crisis • fundraising • President Obama • dinner • financial reform

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Hey, Wall Street: Shut Up About Bonuses

Matt Taibbi says bankers are still overpaid

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Obama, GOP hopefuls all cozy with banks: Joel Kotkin

Why Wall Street Is Richer Than Ever

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Obama, DNC pulling in more cash ... even from firm Romney founded

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

Still, president reminds finance industry, 'we're in this together'

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OTHER STORIES ON OUR RADAR

Wall Street • finance • financial crisis • fundraising • President Obama • dinner • financial reform

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Hey, Wall Street: Shut Up About Bonuses

Matt Taibbi says bankers are still overpaid

Lehman Lives on— and It's Getting Bigger

Financial giants refuse to die, Steven Davidoff explains

Don't Expect Wall St. Reform From 2012 Field

Obama, GOP hopefuls all cozy with banks: Joel Kotkin

Why Wall Street Is Richer Than Ever

Firms are more profitable under Obama than Bush: 'Washington Post'

Obama Has More Wall St. Cash Than GOP Candidates

Obama, DNC pulling in more cash ... even from firm Romney founded

About Us

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Newser By Users

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What is Newser?