Obama Puts Wall Street on Notice

President Obama took on "reckless... fat cat bankers" this week, blasting Wall Street and its GOP allies in a 60 Minutes interview and on his weekly video address. Taking aim at Republicans, who failed to support the financial regulatory reform that passed the House Friday, Obama pointed out that party leaders had met with "100 key lobbyists for the financial industry" as part of a "pep rally," and lamented that despite the "common sense" nature of this reforms, "common sense doesn't always prevail in Washington." He reserved some of his harshest words for bankers who, he says, paid their TARP money back early to get out of the government's restrictions on bonuses. "The people on Wall Street still don't get it.... They're puzzled why it is that people are mad at the banks."