Passage of a sweeping overhaul of Wall Street regulations in 2010 was a hallmark of President Obama's first term; three years later, amid delays and compromises that critics say have diluted its ambitious goals, the president is trying to rekindle the law's promise, The State reported today. Obama prodded the nation's top financial regulators on Monday to act swiftly and finish writing rules designed to prevent a recurrence of the 2008 financial crisis. Obama met privately with Federal Reserve Chairman Ben Bernanke and seven other independent agency heads to emphasize his desire for comprehensive new rules as the five-year anniversary of the nation's financial near-meltdown approaches. Obama hoped to convey "the sense of urgency that he feels," spokesman Josh Earnest said.
