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The world have confidence in our marks. we all win when shareholders have more power and more information. we all win when consumers are protected against abuse, and we all win when folks are rewarded based on how well they perform, not how well they evade accountability. in the end our financial system only works, our market is only free when there are clear rules and basic safeguards that prevent abuse, check excess, ensure it is more profitable to play by the rules than to game the system. that's what these try forms are designed to achieve. no more, no less. because that's how we will ensu...

Are still feeling the pain of the downturn. now, while a number of factors led to such a severe recession, the primary cause was a breakdown in our financial system. it was a crisis born of a failure of responsibility from certain corners of wall street to the halls of power in washington. for years, our financial sector was governed by antiquated and poorly enforced rules that allowed some to gain the system and take risks that endangered the entire economy. unscrupulous lenders locked consumers into complex loans with hidden costs. firms like aig placed massive, risky bets with borrowed mone...

As they interact with the financial system and that's not just good for consumers. that's good for the economy, because reform will put a stop to a lot of the bad loans that fueled a debt-based bubble and it will mean all companies will have to seek customers by offering better products instead of more deceptive ones. now, beyond the consumer protects i've outlined, reform will also rein in the abuse and excess that nearly brought down our financial system. it will finally bring transparency to the kind of complex and risky transactions that helped trigger the financial crisis. shareholders wi...

Well they perform, not how well they evoid accountability. in the end, our financial system only works, our markets -- our market is only free when there are clear rules and basic safeguards that prevent abuse, that check excess, that ensure that it is more profitable to play by the rules than to game the system. and that's what these reforms are designed to achieve. no more, no less. because that's how we will ensure that our economy works for consumers, that is works for investors, that it works for financial institutions, that it works for all of us. this is a central lesson not only of thi...

And we all win when folks are rewarded based on how well they perform. not how well they evade accountability. in the end, our financial system only works, our market is only free when there are clear rules and basic safe guards that prevent abuse, that check excess that ensure it is more profitable to play by the rules than to gain the system. that's what these reforms are designed to achieve. no more, no less. because that's how we will ensure that our economy works for consumers and it works for the vestors and works for financial institutions and that it works for all of us. this is the ce...