Obama threatens to veto any measures to weaken consumer protections

[JonLP24]

Source: Reuters

Dec 19 (Reuters) - President Barack Obama on Friday threatened to veto any efforts by a Republican-controlled Congress to weaken measures aimed at protecting consumers from abuses in the financial system.

"If they try to water down consumer protections that we put in place in the aftermath of the financial crisis, I will say no," Obama told a news conference. "And I'm confident that I'll be able to uphold vetoes of those types of provisions." (Reporting by Washington newsroom; Editing by Chris Reese)

Read more: http://in.reuters.com/article/2014/12/19/usa-politics-obama-veto-idINW1N0SV01P20141219

[MannyGoldstein]

1. Like if Wall Street wants to jeopardize the FDIC by using it

to bail out bad derivatives bets, he'll veto it?

Just a torrent of BS.

[Tommymac]

11. Ya gotta think 11th dimensional Orwellian - getting rid of protections will protect them from abuse

I am starting to grok this President. Now let me go put on my rain slicker...

[onecaliberal]

2. That boat has already sailed

When he signed the budget bill.

[Tommymac]

9. ^^^ This ^^^

Closing the door after the horse has run free.

[obxhead]

3. By ramming the TPP/TTIP up the backsides of the WORLD

without any serious oversight?

Ah fuck it, I can bring a few cigars home next time I return from Cuba! w00t!

[electricray]

4. Early New Year's Resolution?

Unfortunately, as a labor advocate, I stopped believing that I am one of the "consumers" he is helping to protect when he signed the bill allowing Wall Street to consume our pensions.

[quadrature]

5. the Consumer Protection Bureau is funded from the FerderalReserveSystem...

bypassing Congress.
which is not in the spirit
of the US Constitution...

perhaps the VIP transportation
wing at AndrewsAFB could be defunded,
there is always Amtrac an the US Navy

[project_bluebook]

6. So, he signed the spending bill that took money away from pensioners

and gave the banksters a blank check. Is that protecting consumers from abuses?

[Tommymac]

10. ^^^ This ^^^

[SoapBox]

12. Yup.

...terrible.

[SammyWinstonJack]

7. um yeah

[DeSwiss]

8. Whoops, I've already left for Wall Street......

- I'll see ya there later maybe, huh?!

[PoliticAverse]

13. Unless the measures are attached to an important bill he favors? n/t

[Cha]

14. THanks Obama.. mahalo Jon

[RunInCircles]

15. Cheap Talk not backed up by Actions

Given the budget bill he just signed This appears to be a blatant lie!
Oh perhaps he means consumer protections for Wall Street.
If congress weakens those protections he will immediately find his veto pen!

[sendero]

17. Pretty much...

.... Obama's stock in trade. A lot of talk.

[Scuba]

16. So he's gonna veto the CROmnibus????