| Instant View: Obama scolds Wall Street for fighting reform |
| Saturday, 26 June 2010 02:50 |
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President of Capital Financial Advisory Services in Sacramento California Keith Springer Quoted in Reuters Article
Instant View: Obama scolds Wall Street for fighting reform SACRAMENTO, CA (MMD Newswire) April 26, 2010 - Keith Springer provides investor analysis to President Barack Obama's recent speech regarding who's to blame for the financial crisis. According to Reuters reporters Steve Eder, Ed Krudy and Leah Schnurr, "In a speech in New York attended by several Wall Street executives, Obama blamed the financial meltdown and the recession that followed on a "failure of responsibility" by both Washington and Wall Street. He warned that the country faced a repeat of the crisis without new rules to rein in the financial industry in a speech that tapped into public fury at big banks and pushed a Democratic regulatory reform bill that is gaining traction in the U.S. Senate." KEITH SPRINGER, PRESIDENT OF CAPITAL FINANCIAL ADVISORY "What he's saying is pretty much expected, he's trying to gain momentum, get public sentiment behind the proposal." "Banks are a huge lobby. The banks control a lot of trading on Wall Street and if you curb their trading, it's going to cost them a fortune." "Absolutely something is going to pass, there's no question about it. This is the first time we've seen both sides of Congress come together and they both agree that something needs to be done because the public is behind it." Check out the full article http://www.keithspringer.com/article107.htm To view more media interviews visit www.KeithSpringer.com and click the "Keith in the Media" link, email This e-mail address is being protected from spambots. You need JavaScript enabled to view it or call (916) 925-8900 Keith Springer is an SEC Registered Investment Advisor who frequently provides commentary and analysis for various global and national media outlets. He has developed a proprietary process for successfully building tax-efficient retirement portfolios and has been providing specialty wealth management services for over 25 years. ### |