On the recordJune 1, 2009
Exempting these investments from regulation has proven to be a costly mistake--contributing to the $180 billion taxpayer bailout of AIG, the collapse of Lehman Brothers, and the demise of Bear Stearns.
Source
congress.govBarack Obama: “Exempting these investments from regulation has proven to be a costly mistake--contributing to the $180 billion taxpayer…”
Editor's note · Context
Obama critiques the lack of regulation on financial derivatives.
Share
More from Barack Obama
Oct 14, 2026
This race is going to be close. It could determine which party controls the Senate and whether Ohioans can count on the people in Washington to be fighting for you.
Oct 9, 2026
Looking forward to being in Detroit on 10/24 to campaign for Jocelyn Benson, Abdul El-Sayed and Democrats up and down the ballot in Michigan.
Oct 15, 2026
People need to “rediscover what’s the story we tell about how we’re going to live together, and see each other, and recognise each other, and disagree, and yet, still care for each other”.
Other voices in this conversation
