Obama calls for stricter rules for Wall Street
Following meeting on regulatory reform, the president says financial markets need oversight to protect consumers.
WASHINGTON (Reuters) -- Financial institutions that pose a serious risk to markets should be subject to serious government oversight, President Barack Obama said Wednesday.
Speaking after meeting with Treasury Secretary Tim Geithner and lawmakers on financial regulatory reform, Obama also said: "But let me be clear - the choice we face is not between an oppressive government-run economy and a chaotic and unforgiving capitalism.
"Rather, strong financial markets require clear rules of the road, not to hinder financial institutions, but to protect consumers and investors." 
