Obama takes on Wall Street at fundraiser
President Barack Obama challenged Wall Street to embrace his proposed financial regulations at a New York City fundraiser Tuesday night.
Obama criticized the "reckless speculation and deceptive practices and short-sightedness and self-interestedness from a few." The audience included members of the Wall Street community.
Banks and other financial institutions have fought the proposed regulations, including one for a Consumer Protection Financial Agency. Obama has insisted the agency is necessary to prevent another economic collapse.
Fox claims that President Obama's criticism of the network is not fair because he is not differentiating between their news segments and Fox opinion programs. The problem with that is the so-called news segments and the opinion shows repeat the same highly biased talking points. HuffPo has compiled a video that proves the point, The Ten Most Egregious Fox News Distortions (VIDEO)
