President Obama Wall Street Speech Video 9-14-09 (Federal Hall New York)

Here is the full video of President Obama’s Wall Street speech with transcript from September 14, 2009. He delivered the address in New York City at Federal Hall at 26 Wall Street, to discuss what the administration is doing to foster economic recovery and address the need to overhaul the financial regulatory system to avert future crises in U.S. and economic markets.

The speech took place on the one-year anniversary of the collapse of financial giant Lehman Brothers and was delivered before an audience of 150 bankers, traders, financiers, officials and politicians according to media reports. The full video is below.

Noting the history of Federal Hall in New York which is where the 1789 inauguration of President George Washington took place and Congress met, the President noted that it was in this location that two centuries ago ‘Hamilton and Jefferson debated how best to administer a young economy and the country continues to face economic crises. He said: ‘We will not go back to the days of reckless behavior and unchecked excess” and went on to say that his administration proposes “the most ambitious overhaul of the financial system since the Great Depression.” He went on to say, “But I want to emphasize that these reforms are rooted in a simple principle: we ought to set clear rules of the road that promote transparency and accountability.”

Here is the transcript: Obama Wall Street Speech: Full Text.

For more analysis, see:

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Obama Wall Street Speech Video, Photos 9-14-09 (Federal Hall New York)

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