Weekly Address: Learning from History to Reform Wall Street

The President explains that while he continues to focus on jobs, it is also profoundly important to address the problems that created this economic mess in the first place. He commends the House of Representatives for passing reforms to our financial system, including a new Consumer Financial Protection Agency, and blasts Republican Leaders and financial industry lobbyists for their joint "pep rally" to defeat it. Obama voiced his displeasure in seeing big banks not learning from past mistakes and repeat giving massive bonuses to senior executives.