Obama touts Wall St. changes on Lehman anniversary
source: http://news.yahoo.com/s/ap/20090914/ap_on_go_pr_wh/us_obama_financial_regulations
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NEW YORK – President Barack Obama sternly warned Wall Street Monday against returning to the sort of reckless and unchecked behavior that threatened the nation with a second Great Depression.
Even as he noted the U.S. economy and financial system were pulling out of a downward spiral, Obama warned financial titans on the first anniversary of the Lehman Brothers collapse that they could not count on any more bailouts.
He credited his administration and the $787 billion stimulus package rammed through Congress in the first days of his taking office for pulling the country back from the brink.
"We can be confident that the storms of the past two years are beginning to break," he said.
Even as he noted the U.S. economy and financial system were pulling out of a downward spiral, Obama warned financial titans on the first anniversary of the Lehman Brothers collapse that they could not count on any more bailouts.
He credited his administration and the $787 billion stimulus package rammed through Congress in the first days of his taking office for pulling the country back from the brink.
"We can be confident that the storms of the past two years are beginning to break," he said.
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