President Barack Obama delivered a forceful plea for cooperation from Wall Street banks in a speech at New York City’s Cooper Union yesterday. Some of the president’s language to bankers was stern ? during one part of the talk, he pointed in the direction of Goldman Sach’s CEO and said, “Unless your business model depends on bilking people, there is little to fear from these new rules.”
We analyze the text and read between the lines of Obama’s speech with Louise Story, Wall Street and finance reporter for The New York Times, along with Jim Warren, columnist for the Chicago News Co-Op.
The World is an independent newsroom. We’re not funded by billionaires; instead, we rely on readers and listeners like you. As a listener, you’re a crucial part of our team and our global community. Your support is vital to running our nonprofit newsroom, and we can’t do this work without you. Will you support The World with a gift today? Donations made between now and Dec. 31 will be matched 1:1. Thanks for investing in our work!