NEW YORK --President Barack Obama has chosen the place where the economic meltdown began to argue that it can never happen again and pleading for legislation imposing stronger oversight on the financial industry. Without it, he says, America is doomed to repeat the past. In a speech Thursday at New York's Cooper Union college at noon, near Wall Street, Obama was outlining the need for new financial regulations and explaining what the nation would be risking if the existing framework is allowed to remain in place unchanged.
The president also was calling on Wall Street to join - not fight - the overhaul effort.
Due to the President's visit to New York City on Thursday, April 22: