As in Healthcare…..Obama steps up to the plate for the Financial Reform Bill……

Learning from his reluctance to get involved with Healthcare and learning from that mistake…..President Obama is now stepping in to shepard a Financial Reform Bill thru Congress….

He has already started giving speeches… (see out highlighted post of Talkandpolitics  post a few posts down from this one…. )

And the President will come to Wall Street in NYC on Thursday of this week to deliver his message again…in the ‘belly of the beast’…..

All perspective President’s go to the Wall Street big timer’s for money…but then take shots at them for pubic consumption….

And Barack Obama is the President and in the end…just a politician…..

President Obama heads to New York this week for another round of Wall Street finger-wagging, the latest evidence of a two-year transformation in his relations with some of the nation’s biggest financial institutions.

As a senator and in the early stages if his presidential bid, Obama spent plenty of time wooing the executives of Wall Street titans such as Goldman Sachs, the biggest and most influential of the New York investment banks.

Lynn Sweet of the Chicago Sun Times reported in 2008 that Obama held a private round-table discussion with Goldman employees, moderated by Tom Brokaw. In 2006, Obama gave a speech to the firm’s partners meeting.

And that attention paid off. The firm’s executives and employees became Obama’s biggest Wall Street supporters, collectively contributing $994,000 to his campaign.

But in the wake of the financial collapse in late 2008, Obama’s rhetoric toward Wall Street has grown progressively harsher. In a speech at Wall Street’s Federal Hall in September of 2009, Obama warned the bankers that Washington was preparing to step in to stop what he called the reckless behavior that led to the economic crisis.

“I want them to hear my words,” he said at the time. “We will not go back to the days of reckless behavior and unchecked excess at the heart of this crisis, where too many were motivated only by the appetite for quick kills and bloated bonuses. Those on Wall Street cannot resume taking risks without regard for consequences, and expect that next time, American taxpayers will be there to break their fall.”

Two months later, in an interview of 60 Minutes, he referred to the Wall Street leaders as “fat cat bankers.”

More……..