White House PowerPoint on Financial Reform

This week, the House Financial Services Committee began its formal deliberations regarding the President's financial reform plan.  This is a crucial piece of President Obama's agenda for change and something you will be hearing much more about in coming weeks.  Yesterday, we held a meeting at the White House with stakeholder groups to discuss the importance of passing financial reform.  We hope you'll take a moment to look through the materials from that meeting below, and we will post the video of the meeting later once it is read.

Financial Regulatory Reform: A New Foundation

View more presentations from White House.

Despite the extraordinary depth of this most recent crisis, the pattern it followed – a pattern in which instability emanating from the financial sector ultimately resulted in hundreds of thousands of middle class families who had nothing to do with the financial sector losing their jobs or much of the their savings – is disturbingly familiar:

• The Latin American debt crisis of the early 1980s
• The stock market crash of 1987
• The savings and loan debacle of the late 1980s
• The Mexican financial crisis of 1994
• The Asian financial crisis of 1997
• The bursting of the dot-com bubble
• The collapse of the hedge fund LTCM in 2000
• The fraud and bankruptcy at Enron
• And now the financial crisis that began in 2007

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