President Obama returned to Wall Street Thursday to stress the need to move forward on a sweeping financial system reform bill, arguing that the U.S. has been through a terrible trial and was doomed to repeat the financial crisis if Congress failed to act.
“It is essential that we learn the lessons of this crisis, so we don’t doom ourselves to repeat it,” Obama said in a speech at New York’s Cooper Union college.
President Obama also stressed that [voanews]: “Those on Wall Street cannot resume taking risks without regard to consequences and expect that next time American taxpayers will be there to break their fall.” According to Obama, Americans should never have been put in position to do bailouts. [Reuters]“A free market was never meant to be a free license to take whatever you can get, however you can get it,” Obama said.
