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- Description:
- President Bush speaks with French President Sarkozy and European Commission President Barroso on the global financial crisis, during a meeting held at Camp David. Bush says, in the interconnected world, it is essential for the nations to solve the crisis together. President Sarkozy, speaking through an interpreter, calls for a summit, between the G8 and G5 nations, in order to find a worldwide solution to old, failed regulations. Sarkozy says, "We live in the 21st century, but we continue to apply 20th century rules." President Barroso says that the financial system's basic principles, regulations, and institutions need reform.
- Date Issued:
- 2008-10-18T00:00:00Z
- Data Provider:
- Michigan State University. Libraries
- Collection:
- G. Robert Vincent Voice Library Collection
- Description:
- President Barack Obama holds a town meeting in Costa Mesa, California, where he discusses the economy and budgeting plans for 2010. In the budget, Obama calls for investments in environmental pursuits, which will create jobs and combat climate change. President Obama takes questions from the audience referring to the allocation of the stimulus package to states, aid to small and responsible banks, plans for immigration policy, investments to education, and consumer protection around credit cards.
- Date Issued:
- 2009-03-18T00:00:00Z
- Data Provider:
- Michigan State University. Libraries
- Collection:
- G. Robert Vincent Voice Library Collection
- Description:
- President George W. Bush hosts the summit on Financial Markets and the World Economy at the National Building Museum in Washington D.C.. President Bush explained how the summit was organized, focusing on which countries were invited and what their tasks would be. Bush says the nations agreed that the financial markets need to be more transparent and accountable, so that investors can understand the true value of the assets they purchase. Bush explains that there will be more meetings of this sort as the nations progress, but he will no longer the U.S. President to attend them. Bush wishes President-elect Obama on his future work within the summit meetings.
- Date Issued:
- 2008-11-15T00:00:00Z
- Data Provider:
- Michigan State University. Libraries
- Collection:
- G. Robert Vincent Voice Library Collection
- Description:
- President Barack Obama announces the nomination of Richard Cordray to be Director of the new Consumer Financial Protection Bureau and commends Elizabeth Warren for her work in setting up the bureau. Obama recounts the causes of the current recession, describes new laws to prevent financial misconduct and eliminate taxpayer bailout of large financial institutions. Obama also describes Cordray's credentials and praises him.
- Date Issued:
- 2011-07-18T00:00:00Z
- Data Provider:
- Michigan State University. Libraries
- Collection:
- G. Robert Vincent Voice Library Collection
- Description:
- At a ceremony in the Ronald Reagan Building in Washington, DC, President Barack H. Obama talks about the need for Wall Street Reform and Consumer Protection Act before signing the bill into law. He describes the bill as containing the most sweeping reforms of the American financial system since the Great Depression and the strongest consumer protections in history. Obama provides examples of citizens who were hurt by predatory lending practices and declares that the days of the bank bailout and too big to fail are over.
- Date Issued:
- 2010-07-21T00:00:00Z
- Data Provider:
- Michigan State University. Libraries
- Collection:
- G. Robert Vincent Voice Library Collection
- Description:
- President Barack Obama gives remarks following an Oval Office meeting with Treasury Secretary Timothy Geithner and members of the Senate Banking and House Financial Services Committees. President Obama discusses the need to transform the regulatory system to meet the new century's financial structure. Obama calls the day's meeting a "critical first step" to restoring financial accountability.
- Date Issued:
- 2009-02-25T00:00:00Z
- Data Provider:
- Michigan State University. Libraries
- Collection:
- G. Robert Vincent Voice Library Collection
- Description:
- President Barack Obama speaks at Carnegie Mellon University in Pittsburgh, PA. Obama talks about the state of the economy, recalls the origins of the recession and describes the progress made during his sixteen months in office. He defends his focus on education, infrastructure, health insurance coverage, reforming Wall Street, innovation and global competitiveness. He criticizes Republican efforts to stop his initiatives and suggests that the mid-term elections present an opportunity for voters repudiate Republican efforts.
- Date Issued:
- 2010-06-02T00:00:00Z
- Data Provider:
- Michigan State University. Libraries
- Collection:
- G. Robert Vincent Voice Library Collection
- Description:
- Following a meeting with his top economic advisers, President Barack Obama speaks briefly to reporters before his State of the Economy press conference. President Obama discusses the refinement of various agencies in the banking system, the reinvestment in small businesses, and the tax cut checks now being distributed across the country. Obama says that this month has shown a "glimmer of hope" in the economy, while there is still a lot of work to do.
- Date Issued:
- 2009-04-10T00:00:00Z
- Data Provider:
- Michigan State University. Libraries
- Collection:
- G. Robert Vincent Voice Library Collection
- Description:
- The failure of banks has financial, economic, social and political implications. Banks serve as deposit holders and financial intermediaries. As deposit holders they are the custodians of savings and via the market for capital, transfer the savings into investment or consumption. The particular role which banks play in the modern economy is significant and accordingly they are subjected to an extensive regulatory framework to ensure that they can continue to play the role for which they have been designed and to maintain confidence in the monetary andfinancial system. Despite these regulations (some would argue, because of these regulations) banks still become insolvent or fail to meet the conditions for maintenance or renewal of their licences. The final arbiter of this decision is usually the central bank. In the Republic of South Africa (RSA), it has been suggested that the central bank - Reserve Bank of South Africa (RB) - has been unduly political in determining the manner in which it has applied banking regulation and conducted its role as lender of last resort. This paper contributes to this debate by discussing the manner in which the RB has performed its role and ways in which bank supervision in South Africa can be improved.
- Date Issued:
- 1998-12-01T00:00:00Z
- Data Provider:
- Michigan State University. Libraries
- Collection:
- African Journal of Political Science
- Description:
- At a ceremony in the Ronald Reagan Building in Washington, DC, President Barack H. Obama talks about the need for Wall Street Reform and Consumer Protection Act before signing the bill into law. He describes the bill as containing the most sweeping reforms of the American financial system since the Great Depression and the strongest consumer protections in history. Obama provides examples of citizens who were hurt by predatory lending practices and declares that the days of the bank bailout and too big to fail are over.
- Date Issued:
- 2010-07-21T00:00:00Z
- Data Provider:
- Michigan State University. Libraries
- Collection:
- G. Robert Vincent Voice Library Collection