President Obama's Targeted Speech on Financial Reform

Friday, April 23, 2010

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.

Guests:

Louise Story and Jim Warren

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