Buying a home today is a complex process, but that in no way excuses home buyers from their obligation for due diligence.

The buyers like the rate, they like the credit union, they like the simplified process in buying a car. The dealers like it because they can give more competitive rates.

Today we affirm our commitment to lower Manhattan and the City of the New York, the financial capital of the world,

The old days of selling wheat are over. Today, wheat buyers are buying a specification.

A single agency responsible for systemic risk would be accountable in a way that no regulator was in the run-up to the 2008 crisis. With access to all necessary information to monitor the markets, this regulator would have a better chance of identifying and limiting the impact of future speculative bubbles.

When our markets work, people throughout our economy benefit - Americans seeking to buy a car or buy a home, families borrowing to pay for college, innovators borrowing on the strength of a good idea for a new product or technology, and businesses financing investments that create new jobs.