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President Obama Comes to Wall Street

On Monday President Barack Obama will deliver a speech on Wall Street exactly one year after the Lehman Brothers investment bank collapsed and precipitated the financial crisis felt around the world.

According to the White House, Obama will discuss what the administration has done to ease the crisis, its commitment to reduce government involvement in the financial sector and actions the United States and other countries must take to keep it from happening again.

The speech is scheduled for Federal Hall in New York.

It was unclear whether Obama would announce new policies in the speech.

His administration has proposed an overhaul of the financial system that would include giving the Federal Reserve, the U.S. central bank, authority to regulate large financial companies. It also would create a new consumer protection agency to make and enforce rules for financial products.

On Thursday Treasury Secretary Timothy Geithner commented on the proposed regulations.

“You cannot have an effective financial system if banks get to choose who their regulators are. They get to shop for the weakest. You can’t have a system that works if they get to choose how much capital they hold. If they get to decide where to hold risk, it doesn’t work. We had a test of that, it didn’t work out so well for the country.”

Find out what the Fast Money traders have to say about Wall Street regulation and the resulting impact. Watch the video now.



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Trader disclosure: On Sept. 11th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Najarian Is Long Apple (AAPL): Najarian Is Long Bank of America Stock, Short Calls: Najarian Is Long Citigroup Calls: Najarian Is Long Discovery Financials Calls: Najarian Is Long (ENER):Najarian Is Long (FCX), Short Calls:Najarian Is Long (JPM) Stock, And Puts; Najarian Is Long (JOYG) Stock, Short Calls; Najarian Is Long (MS) Stock, Short Calls; Najarian Is Long (MSFT) Stock, Short Calls; Najarian Is Long (PALM) Calls; Najarian Is Long (RIMM) Calls; Najarian Is Long (TEVA) Stock; Najarian Is Long (V) Stock, Short Puts & Calls; Najarian Is Long (WFC) Long Puts, Short Stock; Najarian Is Long (YHOO) Calls; Terranova Is Short (CCL); Terranova Is Long Gold Futures; Seymour Owns (AA); Seymour Owns (AAPL); Seymour Owns (BAC); Seymour Owns (BX); Seymour Owns (F); Seymour Owns (RIMM); Seymour Owns (SBUX)

For Scott Nations:
Nations is long call verticle spread on (LVS)

For Mark Schoenebaum
Deutsche Bank Owns (AMGN)
(AMGN) Is An Investment Banking Client of Deutsche Bank
Deutsche Bank Owns (BIIB)
(DBSI) Is An Investment Banking Client of Deutsche Bank
(GENZ) Is An Investment Banking Client of Deutsche Bank
Deutsche Bank Has Received Compensation from (GENZ)
Deutsche Bank Owns (GILD)
Deutsche Bank Owns (ACOR)
(ACOR) Is An Investment Banking Client of Deutsche Bank

For Brad Hintz
(MS) Has been a Client of Bernstein in the Past 12 Months
Hintz Owns (MS)
Mr. Hintz received a one time payment of 8,974 from (MS) in 2009
An affiliate of Bernstein received compensation for non-investment banking-securities related services from the following companies MS


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