Obama Says Reforms To Hold Street Accountable Should Continue, Despite Revival In Auto Industry

In his weekly address President Obama said though the auto industry is more stable today and showing the strongest growth in the decade, reforms to hold Wall Street accountable should continue. He added that the reforms would put an end - once and for all - to taxpayer bailouts and restore trust and confidence in market.

Remembering the potentially devastating crisis in auto industry one year ago, Obama said now General Motors announced that it has repaid its loan to taxpayers with interest five years ahead of schedule, and Chrysler Financial has already fully repaid with interest its loan as well.

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