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 |  |  | |  Americas & Beyond | June 2009  
 | Obama's Weekly Address: Financial Reform to Protect Consumers 
  Posted by Jesse Lee - White House Blog go to original
 June 20, 2009
 
  The President explains his plan to address one of the major causes of the current economic crisis - the breakdown of oversight leading to widespread abuses in the financial world.
 
  The new Consumer Financial Protection Agency will have the sole job of looking out for the financial interests of ordinary Americans by banning unfair practices and enforcing the rules.
 
  This is a cornerstone in America’s new economic foundation.
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