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Obama Welcomes Senate Breakthrough On Finance Bill During Illinois Visit

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JULIE PACE   04/28/10 06:22 PM ET   AP

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QUINCY, Ill. — President Barack Obama says he's pleased that Senate Republicans are agreeing to allow debate on a financial overhaul bill after days of stalling tactics.

Obama told a crowd in Illinois Wednesday that the bill will end bailouts, make banks accountable to consumers and bring complex Wall Street deals into the light of day.

He spoke shortly after news broke in Washington that Republicans would end a filibuster of the legislation and let debate go forward.

Obama said the legislation would ensure that taxpayers aren't on the hook ever again for Wall Street mistakes.

The president said: "The time for reform is now."

Obama was finishing up the second day of a two-day Midwest tour.

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QUINCY, Ill. — President Barack Obama says he's pleased that Senate Republicans are agreeing to allow debate on a financial overhaul bill after days of stalling tactics. Obama told a crowd in I...
QUINCY, Ill. — President Barack Obama says he's pleased that Senate Republicans are agreeing to allow debate on a financial overhaul bill after days of stalling tactics. Obama told a crowd in I...
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3in1
64 Fans
11:08 AM on 04/29/2010
obama needs to bail out
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ejhickey
98 Fans
10:59 PM on 04/28/2010
I see he still supports his failed banker buddy, Alexi who drove Broadway bank into the ground with loans to gangsters and questionable real estate loans. now Alexi's family stands to profit from the FDIC's takeover.
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