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Article: Obama warns Wall Street not to block tighter regsPresident stresses need for tighter regsObama says there won't be another bailout
- Article from:
- The Topeka Capital-Journal
- Article date:
- September 15, 2009
CopyrightCopyright 2009 The Topeka Capital-Journal. Provided by ProQuest LLC. (Hide copyright information)
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By Ben Feller
THE ASSOCIATED PRESS
NEW YORK -- Lecturing Wall Street on its own turf, President
Barack Obama warned financial leaders not to use the recovering
economy to race back into "reckless behavior" that could cause a new
meltdown. He declared that a bailout-weary public won't break their
fall again.
Obama insisted Monday that there is an urgent need for tighter
financial regulation, and he cautioned his audience not to try to
block it. He spoke on the first anniversary of the collapse of the
Lehman Brothers investment bank, the largest bankruptcy in U.S.
history and a stark reminder of the financial crisis that spread
into a deep recession despite huge federal bailouts of major ...