Wall Street Obama says his government's measures to overcome recession

The U.S. president, Barack Obama, said today on Wall Street the "aggressive measures" already taken by his government to restore health to the economy of this country, while setting out its plans to reduce the presence of his administration in the sector Financial.

Obama "will discuss the aggressive steps the Administration has taken to return the economy to its path, and its commitment to reduce the role of government in the U.S. financial sector," said White House today.

The U.S. president will address the U.S. financial sector from 1615 GMT in one of the branch in New York from the Treasury Department, Federal Hall, in the heart of American financial and before the banks were placed a year ago the brink of collapse.

Obama's intervention to Wall Street occurs also when the first anniversary of the bankruptcy of U.S. investment bank Lehman Brothers, which precipitated the financial crisis that had begun in 2007.

Following the bankruptcy of Lehman Brothers on 14 September 2008 the U.S. Congress approved a rescue plan for the financial sector endowed with 700,000 million.

The bankruptcy of the giant Lehman Brothers, which was assisted by the Administration under President George W. Bush also resulted in the death of the big U.S. investment banks, as its competitors, Goldman Sachs and Morgan Stanley, were converted into commercial banks pear avoid a similar situation.

A week ago, Treasury Secretary Tim Geithner, banks reported that return in the next 18 months about 50,000 million dollars of aid received in the rescue plan, which will join the 70,000 million dollars have already repaid over this year.

Geithner also said that the financial sector has entered the path of stability, while they were no longer considered necessary government support measures.

Obama, the American media, could also address his views on making regulatory measures, currently stalled, while he would ask for large financial firms that face their responsibility to avoid situations which put the financial system near collapse in the last year.

In addition, the U.S. president will present "the measures that the White House and the world community should take to prevent a crisis like this never happen again," said the White House.

Obama's statement also comes days before the summit of the Group of Twenty (G20), which he chaired in Pittsburgh (Ohio) 24 and 25 September.

At that meeting Heads of State or Government of the nations discuss global measures already in place to deal with the recession and seek new ones to revive the global economy.