Obama slams Trump for promising to roll back Wall Street reforms

ELKHART - US President Barack Obama slammed Donald Trump's proposal to weaken Wall Street reforms and touted his own economic record on Wednesday during a trip to a city he visited three weeks into his presidency that has recovered from its recession lows.

Obama's remarks in Elkhart, Indiana, foreshadowed the arguments he is likely to make on the campaign trail this fall against the likely Republican presidential nominee.

Obama did not mention Trump by name, but he lambasted the billionaire's policy proposals, particularly his promise to dismantle most of the US Dodd-Frank financial regulations.

"How it is that somebody would propose that we weaken regulations on Wall Street? Have we really forgotten what just happened eight years ago?" Obama said, sounding exasperated.

"The notion that you would vote for anybody who would now allow them to go back to doing the same stuff that almost broke our economy's back makes no sense. I don't care whether you are a Republican, or a Democrat or an independent, why would you do that?"

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