The President explains his plan to address one of the major causes of the current economic crisis — the breakdown of oversight leading to widespread abuses in the financial world. The new Consumer Financial Protection Agency…… will have the sole job of looking out for the financial interests of ordinary Americans by banning unfair practices [...]

In today's Weekly Presidential Youtube-Radio address, President Obama discuss his plans for financial reform to protect consumers in the form of A Consumer Financial Protection Agency.From Whitehouse.gov:The President explains his plan to address one of the major causes of the current economic crisis -- the breakdown of oversight leading to widespread abuses in the financial world. The new

The president uses his weekly address to say his financial regulatory overhaul plan released earlier in the week is "essential."Pushes for a law this year, saying: "While I'm not spoiling for a fight, I'm ready for one."Click above to watch. Transcript here.