Obamas Wall Street Reforms and Consumer Protection Ordered 65 executives who took bailout money to cut their own pay until they paid back all bailout money. huff.to/eAi9Qq Along with Congressional Democrats, pushed through and got passed Dodd-Frank, one of the largest and most comprehensive Wall Street reforms since the Great Depression. bit.ly/hWCPg0bit.ly/geHpcD By signing Dodd-Frank legislation, created the Consumer Financial Protection Bureau 1.usa.gov/j5onG Created rules that reduce the influence of speculators in the oil market. bit.ly/MDnA1t Fashioned rules so that banks can no longer use YOUR money to invest in high-risk financial instruments that work against their own customers’ interests. bit.ly/fnTayj Supported the concept of allowing stockholders to vote on executive compensation. bit.ly/fnTayj Endorsed and supported the Foreign Account Tax Compliance Act of 2009 that would close offshore tax avoidance loopholes. bit.ly/esOdfBbit.ly/eG4DPM Negotiated a deal with Swiss banks that now permits the US government to gain access to the records of criminals and tax evaders. bit.ly/htfDgw Signed the American Jobs and Closing Tax Loopholes Act, which closed many of the loopholes that allowed companies to send jobs overseas, and avoid paying US taxes by moving money offshore.1.usa.gov/bd1RTq Established a Consumer Protection Financial Bureau designed to protect consumers from financial sector excesses. bit.ly/fnTayj Oversaw and then signed a Democratic bill constituting the most sweeping food safety legislation since the Great Depression. thedc/gxkCtP Through the Fraud Enforcement and Recovery Act, extended the False Claims Act to combat fraud by companies and individuals usingmoney from the TARP and Stimulus programs. bit.ly/SLTcSa Set up rules for banks in handling legal marijuana money. nyti.ms/1b80o2K
Posted on: Sat, 08 Nov 2014 17:40:59 +0000
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