Hi, everybody. I'm here with Senator Elizabeth Warren, one of our strongest advocates for families and consumers like you.
Today, we want to talk about some of the actions we've taken to protect everything you've worked so hard to build. Eight years ago, after some big banks made irresponsible and risky1 bets with your money, we almost slipped into another Great Depression. While the recklessness started on Wall Street, it didn't take long before it led to real pain for folks on Main Street.
It would cost millions of our fellow Americans their jobs, homes, and savings2. The financial crisis wasn't an unstoppable act of nature. The whole thing could have been avoided, but we didn't have the rules in place to stop Wall Street from taking enormous risks that threatened the whole economy.
We didn't have strong protections to keep consumers from being cheated by tricks and traps on financi