Pantsless Progressive

Yes.
“We’ve all paid the price for lenders who sold mortgages to people who couldn’t afford them, and buyers who knew they couldn’t afford them.  That’s why we need smart regulations to prevent irresponsible behavior.  Rules to prevent financial fraud, or toxic dumping, or faulty medical devices, don’t destroy the free market.  They make the free market work better. […]
I’m confident a farmer can contain a milk spill without a federal agency looking over his shoulder.  But I will not back down from making sure an oil company can contain the kind of oil spill we saw in the Gulf two years ago.  I will not back down from protecting our kids from mercury pollution, or making sure that our food is safe and our water is clean.  I will not go back to the days when health insurance companies had unchecked power to cancel your policy, deny you coverage, or charge women differently from men. […]
So if you’re a big bank or financial institution, you are no longer allowed to make risky bets with your customers’ deposits.  You’re required to write out a “living will” that details exactly how you’ll pay the bills if you fail – because the rest of us aren’t bailing you out ever again.  And if you’re a mortgage lender or a payday lender or a credit card company, the days of signing people up for products they can’t afford with confusing forms and deceptive practices are over.  Today, American consumers finally have a watchdog in Richard Cordray with one job: To look out for them.” - President Obama

Yes.

We’ve all paid the price for lenders who sold mortgages to people who couldn’t afford them, and buyers who knew they couldn’t afford them.  That’s why we need smart regulations to prevent irresponsible behavior.  Rules to prevent financial fraud, or toxic dumping, or faulty medical devices, don’t destroy the free market.  They make the free market work better. […]

I’m confident a farmer can contain a milk spill without a federal agency looking over his shoulder.  But I will not back down from making sure an oil company can contain the kind of oil spill we saw in the Gulf two years ago.  I will not back down from protecting our kids from mercury pollution, or making sure that our food is safe and our water is clean.  I will not go back to the days when health insurance companies had unchecked power to cancel your policy, deny you coverage, or charge women differently from men. […]

So if you’re a big bank or financial institution, you are no longer allowed to make risky bets with your customers’ deposits.  You’re required to write out a “living will” that details exactly how you’ll pay the bills if you fail – because the rest of us aren’t bailing you out ever again.  And if you’re a mortgage lender or a payday lender or a credit card company, the days of signing people up for products they can’t afford with confusing forms and deceptive practices are over.  Today, American consumers finally have a watchdog in Richard Cordray with one job: To look out for them.” - President Obama