Barack Obama actually said...

We will continue to work closely with Congress to create, for the first time, a Federal agency whose sole mission is to protect the financial interests of everyday Americans with clear rules of the road for financial products and sufficient authority and resources to enforce those rules across the entire market.

Context

Statement on House of Representatives Action on Legislation To Create the Consumer Financial Protection Agency

10/21/2009

https://www.presidency.ucsb.edu...

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