In a television interview Obama talks about Sec and intentions on the reform of finance: "Since 2007 there was talk of placing the financial system and we have absolutely interfered with Sec in case Goldman Sachs .
The amount received during the election campaign by the investment bank ($ 1 million - ed) I do not feel embarrassed because have always been transparent.
banking activities do not impair the country, indeed we have to finance our development, however, we must create a system of rules to protect people from the excesses.
Even in the 30's there were difficulties, Roosevelt said, we set the rules, we now need to update them and if rebuild the trust that has failed will return.
The vast majority of Americans do not accept more bailouts of banks if the same were to act in a reckless , we have saved from worse damage but will not do it anymore.
derivatives have been defined by Warren Buffett financial weapons of mass destruction, we must regulate use, we do not want us in the crisis as a year and a half ago.
Let us be clear, the derivatives should be traded in a transparent, such as equities, so that everyone knows what is happening.
We need transparency and reliability and we propose a reform to give greater transparency to these tools. "
on the budget then stated:
" We have to be disciplined on the fiscal front, we must put ourselves in line with expenses.
We can not cut taxes further, it is essential to reduce the deficit and reduce our heavy debt.
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