Obama: Regulatory reform laws will pass before year's end

US president Barack Obama has reaffirmed his commitment to press forward with an ambitious overhaul of financial markets regulation, pledging to enact wide-ranging reforms before the end of 2009.

In a speech at Federal Hall in New York's financial district, Obama defended his actions to support both the financial markets through liquidity injections and individual institutions with additional capital since he assumed office in January, pointing out the return on investment US taxpayers have

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