Obama sign the LAW for a financial reform package

Obama finally has put his signature on the reform of finance and said that “We think about the people not to large banks” the Regulation is today a real Law, a triumph for the President.
He clearly stated that “No one will pay more for Wall Street”.

A package of measures that will result in the more financial protections in history with a new   authority which will have a single task: the objective will be to protect the people, not the big banks, not the companies of loans.
This is not only good only for the people, is good also for the economy, as Obama has recognized, the financial industry is  the core for growth and prosperity of a country, the reform will help to give to all the same rules, to encourage competition in prices and quality, not tricks and traps.

The supervision must be careful Americans must make adjustments along the road while the financial system is adjusting itself to the changes. Who has no intention to deceive but wants to act honestly has no reason to be afraid of the law. Is a must to avoid situations in which a company is too big to fail.

In the last two years the most severe recession after the great depression has created unemployment and forced companies to close. Even if the economy has picked up, too many people are still living in pain.

To emphasize that the law is intended to protect the people Obama has not invited to the signature ceremony to the White House the directors of large banks.

The President was flanked by two new homeless: a veteran of Vietnam, Andrew Giordano, and a teacher of Middle School in Georgia, Robin Fox.
Giordano was finished on to the streets after a bank had applied to his savings account fines for a service he had not requested;  Robin Fox saw doubled retroactively the interest on a credit card while having paid regularly.

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