Obama: need rules against Wall Street excess-CNBC

WASHINGTON, April 21 (BestGrowthStock) – President Barack Obama on
Wednesday said the United States needs a thriving financial
sector but also rules to guard against excesses on Wall
Street.

“We have gotten into one of those places where we need to
update those rules of the road,” Obama said in an interview
with CNBC on the eve of a financial speech in New York. He said
better financial regulations would “rebuild trust.”

Investing Research

(Reporting by Tabassum Zakaria; editing by Matt
Spetalnick)

Obama: need rules against Wall Street excess-CNBC