Obama opposes Republican amendment on Wall St reform

WASHINGTON, May 6 (BestGrowthStock) – President Barack Obama said
on Thursday a Republican amendment to a financial reform bill
under consideration by the U.S. Senate would “gut consumer
protections” and he called on lawmakers to reject it.

“I will not allow amendments like this one written by Wall
Street’s lobbyists to pass for reform,” Obama said in a written
statement. “I urge the Senate to vote ‘no’ on weakening
consumer protections and instead stand with the American
people.”

Stock Investing
(Reporting by Matt Spetalnick, editing by Patricia Zengerle)

Obama opposes Republican amendment on Wall St reform