and Schools Chancellor Joel Klein and Professor Benjamin Davis of The Cooper Union College
in New York City.
In a speech at New York's Cooper Union college
, near Wall Street, Mr Obama outlined the need for new financial regulations and explained what the nation would be risking if the existing framework is allowed to remain in place unchanged.
In a speech at New York's Cooper Union College
, Obama said that the new reforms proposed by his government would protect both taxpayers and banks after the recent recession.
It is essential that we learn the lessons of this crisis, so we don't doom ourselves to repeat it," he told the audience at Cooper Union college
in Manhattan, which included financial industry leaders.
edu), a senior fellow with the Progressive Policy Institute and a professor of history at Cooper Union College
, is the author of The Future Once Happened Here: New York, L.
Among the 94 New York colleges and universities receiving grants are: Barnard College, Columbia University, Cooper Union College
, Cornell University, Fordham University, Polytechnic University, Rensselaer Polytechnic Institute and Syracuse University.