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President Obama

SPECIAL REPORT - President Obama in His Own Words: Making Financial Reform a Reality 2009-2016

During the worst of the economic fallout of the 2008 financial crisis, millions of Americans were losing their savings, their homes and their jobs and the U.S. government had spent, lent, guaranteed or otherwise used $29 billion to bail out Wall Street. At the same time, small businesses languished, and many feared that the country would soon face a second Great Depression.  The times were scary and uncertain, and President Obama faced monumental tasks during his first days in office.