Obama's Words of Warning to Financiers

Summary


WALL STREET has received a stern warning from US President Barack Obama not to return to the sort of behaviour which caused the global economic crisis.

Speaking on the first anniversary of the collapse of Lehman Brothers - the biggest bankruptcy in US history - Mr Obama warned the financiers who once styled themselves as the "masters of the universe" that they could not count on any more government bailouts.

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Obama's Words of Warning to Financiers

At Federal Hall in the heart of Wall Street, the president yesterd...

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