{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Obama keeps up pressure for financial overhaul, trader reax' data-url='/boclips/videos/5c54bb07d8eafeecae121f59' data-video-url='/boclips/videos/5c54bb07d8eafeecae121f59' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nObama keeps up pressure for financial overhaul, trader reax\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eAP Television New York City - 22 April 20101. Wide exterior New York Stock Exchange2. Tight shot exterior of NYSE 3. Mid of traders inside the NYSE watching Obama''s speech on screen4. Mid of traders New York City - 22 April 20105....\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eAP Television \u003cbr/\u003eNew York City - 22 April 2010\u003cbr/\u003e1. Wide exterior New York Stock Exchange\u003cbr/\u003e2. Tight shot exterior of NYSE \u003cbr/\u003e3. Mid of traders inside the NYSE watching Obama''s speech on screen\u003cbr/\u003e4. Mid of traders \u003cbr/\u003eNew York City - 22 April 2010\u003cbr/\u003e5. SOUNDBITE (English) Barack Obama, US President:\u003cbr/\u003e\"I believe in the power of the free market. I believe in a strong financial sector that helps people to raise capital, and get loans and invest their savings. That is part of what has made America what it is, but a free market was never meant to be a free licence to take whatever you can get, however you can get it.\"\u003cbr/\u003eAP Television \u003cbr/\u003eNew York City - 22 April 2010\u003cbr/\u003e6. Pan of traders watching Obama''s speech\u003cbr/\u003eNew York City - 22 April 2010\u003cbr/\u003e7. SOUNDBITE (English) Barack Obama, US President:\u003cbr/\u003e\"... because ultimately there is no dividing line between Main Street and Wall Street; we will rise or we will fall together as one nation.\"\u003cbr/\u003eAP Television \u003cbr/\u003eNew York City - 22 April 2010\u003cbr/\u003e8. Pan left of traders watching Obama''s speech to television screen\u003cbr/\u003eNew York City - 22 April 2010\u003cbr/\u003e9. SOUNDBITE (English) Barack Obama, US President:\u003cbr/\u003e\"We will not always see eye to eye. We will not always agree, but that does not mean that we''ve got to choose between two extremes. We do not have to choose between markets that are unfettered by even modest protections against crisis, or markets that are stymied by onerous rules that suppress enterprise and innovation. That is a false choice.\"\u003cbr/\u003eAP Television\u003cbr/\u003eNew York City - 22 April 2010\u003cbr/\u003e10. Zoom out from Obama''s speech on TV to NYSE traders watching the speech\u003cbr/\u003e11. Pan down from NYSE board to traders\u003cbr/\u003e12. SOUNDBITE (English) Bernie McSherry, Cuttone \u0026amp; Company:\u003cbr/\u003e\"You know, I think the speech was not the scolding that many of us had expected it to be; it was more a statement of purpose of what they were trying to accomplish. I think some folks would prefer to have heard more about individual personal responsibility on the behalf of some of Americans for their behaviour. But over all it was a moderate speech, and it was not the attack on Wall Street that many of us had feared.\"\u003cbr/\u003e13. Pan of traders\u003cbr/\u003e14. SOUNDBITE (English) Doreen Mogavero, Mogavero, Lee \u0026amp; Company:\u003cbr/\u003e\"The speech was inarguable.  You know, you couldn''t really find too much wrong with it.  But I do think that we need to see the details, because as you know when the pendulum swings too far in either direction there''s always a correction necessary.\"\u003cbr/\u003e15. Wide exterior of the NYSE, tilt down\u003cbr/\u003eAP Television\u003cbr/\u003eWashington, DC - 22 April, 2010\u003cbr/\u003e16. SOUNDBITE (English) Douglas J. Elliott, Brookings Institution:\u003cbr/\u003e\"I thought it was a good speech, and the message was fairly predictable. The administration has had its views on this fairly consistently for over a year; it makes sense the President is pushing it hard now.  You know, the thing is, it makes policy sense, but it also makes political sense. This is going to get passed, it will be viewed as a victory, and it''s more of his victory the more he is out front.\"\u003cbr/\u003eNew York - 22 April, 2010\u003cbr/\u003e17. Wide of Obama finishing his speech and leaving to applause\u003cbr/\u003eUS President Barack Obama rebuked Wall Street on Thursday for risky banking practices, even as he sought its leaders'' help to devise banking regulations to head off any new financial crisis.\u003cbr/\u003e\"Ultimately there is no dividing line between Main Street and Wall Street. We rise or we fall together as one nation,\" he said, and urged the finance sector to join him in his efforts.\u003cbr/\u003eObama made the important speech in New York, not far from the nation''s financial hub of Wall Street. \u003cbr/\u003eMany of the traders on the floor of the New York Stock Exchange stopped trading to watch the speech on television.\u003cbr/\u003eObama told the audience, which included many of the nation''s top bankers, he was not against the free market.\u003cbr/\u003e\"I believe in the power of the free market. I believe in a strong financial sector that helps people to raise capital, and get loans and invest their savings. That is part of what has made America what it is, but a free market was never meant to be a free licence to take whatever you can get, however you can get it,\" said Obama.\u003cbr/\u003eObama''s speech came at a delicate time in negotiations over the Senate measure, which could be debated next week. \u003cbr/\u003eThe House has passed its own version of financial overhaul legislation. \u003cbr/\u003eObama did not say which one he favoured but told an audience that included dozens of financial leaders that both bills represented \"significant improvement on the flawed rules we have in place today.\"\u003cbr/\u003eObama said the choice was not a choice of extremes.\u003cbr/\u003e\"We will not always see eye to eye. We will not always agree, but that does not mean that we''ve got to choose between two extremes. We do not have to choose between markets that are unfettered by even modest protections against crisis, or markets that are stymied by onerous rules that suppress enterprise and innovation. That is a false choice,\" said Obama.\u003cbr/\u003eOn the NYSE floor, Bernie McSherry, of Cuttone \u0026amp; Company, said he was happy that Obama had not been too hard on Wall Street.\u003cbr/\u003e\"I think the speech was not the scolding that many of us had expected it to be; it was more a statement of purpose of what they were trying to accomplish. I think some folks would prefer to have heard more about individual personal responsibility on the behalf of some of Americans for their behaviour. But over all it was a moderate speech, and it was not the attack on Wall Street that many of us had feared,\" said McSherry.\u003cbr/\u003eDoreen Mogavero, of Mogavero, Lee \u0026amp; Company, watched Obama''s speech from inside the NYSE.\u003cbr/\u003e\"The speech was inarguable. You know, you couldn''t really find too much wrong with it. But I do think that we need to see the details, because as you know when the pendulum swings too far in either direction there''s always a correction necessary,\" she said.\u003cbr/\u003eObama''s speech was an effort to ramp up pressure on Congress.\u003cbr/\u003eFormer investment banker, Douglas Elliot, who is now a fellow at the Brookings Institution, believes new regulatory rules are going to be passed by Congress and no matter what the law looks like it will be viewed as a political victory of the President.\u003cbr/\u003e\"I thought it was a good speech, and the message was fairly predictable. The administration has had its views on this fairly consistently for over a year; it makes sense the President is pushing it hard now.  You know, the thing is, it makes policy sense, but it also makes political sense. This is going to get passed, it will be viewed as a victory, and it''s more of his victory the more he is out front,\" said Elliot.\u003cbr/\u003eObama gave his speech in the hall where Abraham Lincoln in February 1860 spelled out his position on freedom and slavery ahead of the presidential campaign that year. \u003cbr/\u003eIt also came just six days after the Securities and Exchange Commission''s fraud case against the huge investment bank Goldman Sachs.\u003cbr/\u003eThe sweeping regulation proposal represents the broadest attempt to overhaul the U.S. financial system since the 1930s, and aims to prevent another crisis. \u003cbr/\u003eIt would create a mechanism for liquidating large, interconnected financial firms whose sudden collapse could shake the economy. \u003cbr/\u003eAt the height of the crisis in 2008, the Bush administration and the Federal Reserve provided billions of taxpayer dollars to prop up the giant insurer American International Group Incorporated, several banks and various financial institutions considered too big to fail. \u003cbr/\u003eThe moves were highly unpopular with voters.\u003cbr/\u003eThe bills also, for the first time, would impose oversight on the market for derivatives - complicated financial instruments\u003cbr/\u003ewhose value is derived from the value of other investments.\u003cbr/\u003eThe measures also would create a council to detect threats to the broader financial system and establish a consumer protection agency to police consumers'' dealings with banks and other financial institutions.\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eCurator Rating\u003c/dt\u003e\n\u003cdd\u003e\u003cspan class=\"star-rating\" aria-label=\"3.5 out of 5 stars\" role=\"img\"\u003e\u003ci class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-solid fa-star-half-stroke text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-regular fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003c/span\u003e\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt class=\"educator-rating-title\"\u003eEducator Rating\u003c/dt\u003e\u003cdd\u003e\u003cdiv class=\"educator-rating-details\" data-path=\"/educator_ratings/rrp_data?resourceable_id=915999\u0026amp;resourceable_type=Boclips%3A%3AVideoMetadata\"\u003e\u003cspan class=\"not-yet-rated\"\u003eNot yet Rated\u003c/span\u003e\u003c/div\u003e\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eGrade\u003c/dt\u003e\u003cdd title=\"Grade\"\u003eHigher Ed\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eSubjects\u003c/dt\u003e\u003cdd\u003e\u003cspan\u003e\u003ca href=\"/search?keywords=right+triangles\u0026amp;page=36\u0026amp;search_tab_id=1\u0026amp;subject_ids%5B%5D=1216220\"\u003eAll Subjects\u003c/a\u003e\u003c/span\u003e\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eMedia Type\u003c/dt\u003e\u003cdd\u003e\u003cspan\u003e\u003ca href=\"/search?keywords=right+triangles\u0026amp;page=36\u0026amp;search_tab_id=2\u0026amp;type_ids%5B%5D=4543650\"\u003eNews Clips\u003c/a\u003e\u003c/span\u003e\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eSource:\u003c/dt\u003e\n\u003cdd\u003e\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eDate\u003c/dt\u003e\n\u003cdd\u003e2010\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003ci aria-hidden='true' class='fai fa-solid fa-language'\u003e\u003c/i\u003e\n\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eAudiences\u003c/dt\u003e\u003cdd\u003e\u003cspan\u003e\u003ca href=\"/search?audience_ids%5B%5D=371079\u0026amp;keywords=right+triangles\u0026amp;page=36\u0026amp;search_tab_id=1\"\u003eFor Teacher Use\u003c/a\u003e\u003c/span\u003e\u003c/dd\u003e\u003cdd class=\"text-muted\"\u003e\u003ci class=\"fa-solid fa-lock mr5\"\u003e\u003c/i\u003e2 more...\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='concepts-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='concepts-heading'\u003eConcepts\u003c/h2\u003e\n\u003cdiv class='clearfix'\u003e\n\u003cdiv class='details-list concepts' data-identifier='Boclips::VideoDecorator' data-type='concepts'\u003enew york city, barack obama, new york, markets, economy, business, north america\u003c/div\u003e\n\u003cdiv class='concepts-toggle-buttons' data-identifier='Boclips::VideoDecorator'\u003e\n\u003cbutton aria-expanded='false' class='more btn-link' type='button'\u003e\n\u003cspan\u003eShow More\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-down ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003cbutton aria-expanded='true' class='less btn-link' style='display: none;' type='button'\u003e\n\u003cspan\u003eShow Less\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-up ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='additional-tags-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='additional-tags-heading'\u003eAdditional Tags\u003c/h2\u003e\n\u003cdiv class='clearfix'\u003e\n\u003cdiv class='details-list keyterms' data-identifier='Boclips::VideoDecorator' data-type='keyterms'\u003egovernment policy, policy making, wall street, stock markets, financial services, united states, industries, government and politics, financial markets, legislature, free market, speech, choose, government regulations, victory, american international group, investment banking and brokerage, rise, banking and credit, inc., financial crisis\u003c/div\u003e\n\u003cdiv class='keyterms-toggle-buttons' data-identifier='Boclips::VideoDecorator'\u003e\n\u003cbutton aria-expanded='false' class='more btn-link' type='button'\u003e\n\u003cspan\u003eShow More\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-down ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003cbutton aria-expanded='true' class='less btn-link' style='display: none;' type='button'\u003e\n\u003cspan\u003eShow Less\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-up ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='educator-ratings-heading' class='rp-info-section'\u003e\n\u003ch2 class='title sr-only' id='educator-ratings-heading'\u003eEducator Ratings\u003c/h2\u003e\n\u003cdiv id=\"educator-ratings-root\"\u003e\u003c/div\u003e\u003cdiv id=\"all-educator-ratings-root\"\u003e\u003c/div\u003e\u003cdiv id=\"educator-rating-form-root\"\u003e\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-resource'\u003e\n\u003cdiv aria-label='Show resource details' class='rp-show-info' role='button' tabindex='0'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\nShow resource details\n\u003c/div\u003e\n\u003cdiv aria-label='Video player' class='player' id='player-wrapper' role='region'\u003e\n\u003cdiv class='relative container mx-auto' id='lp-boclips-visitor-thumbnail'\u003e\n\u003ca class=\"block\" data-html=\"true\" data-placement=\"bottom\" data-trigger=\"click\" data-content=\"\u003cdiv class=\u0026quot;text-center py-2\u0026quot;\u003e\u003ca class=\u0026quot;bold\u0026quot; href=\u0026quot;/auth/users/sign_in\u0026quot;\u003eSign in\u003c/a\u003e or \u003ca class=\u0026quot;bold text-danger\u0026quot; data-posthog-event=\u0026quot;Signup: LP Signup Activity\u0026quot; data-posthog-location=\u0026quot;body_link_boclips\u0026quot; data-remote=\u0026quot;true\u0026quot; href=\u0026quot;/subscription/new\u0026quot;\u003eJoin Now\u003c/a\u003e\u003c/div\u003e\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Obama keeps up pressure for financial overhaul, trader reax\" href=\"/subscription/new\"\u003e\u003cimg class=\"resource-img img-thumbnail img-responsive z-10 lp-boclips-thumbnail w-full h-full lozad\" alt=\"Obama keeps up pressure for financial overhaul, trader reax\" title=\"Obama keeps up pressure for financial overhaul, trader reax\" onError=\"handleImageNotLoadedError(this)\" data-default-image=\"https://static.lp.lexp.cloud/images/attachment_defaults/resource/large/missing.png\" data-src=\"https://static.lp.lexp.cloud/images/attachment_defaults/resource/large/missing.png\" width=\"315\" height=\"220\" src=\"data:image/png;base64,R0lGODlhAQABAAD/ACwAAAAAAQABAAACADs\" /\u003e\n\u003cspan aria-hidden='true' class='flex justify-center items-center bg-white rounded-full w-16 h-16 absolute top-1/2 left-1/2 -mt-8 -ml-8 cursor-pointer z-0 border-2 border-primary drop-shadow-md lp-boclips-thumbnail-playBtn'\u003e\n\u003ci class='fa-solid fa-play text-primary text-3xl ml-1 drop-shadow-xl'\u003e\u003c/i\u003e\n\u003c/span\u003e\n\u003c/a\u003e\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n"}