Skip to main content
Speeches

Obama: Wall Street Is ‘Ignoring’ Lessons

Says bankers are repeating past mistakes.

cheats/2009/09/14/obama-wall-st-is-lsquoignoringrsquo-lessons/wall-street-traders-3_chegze

Richard Drew / AP Photo

The bankers, it seems, are in for another tongue lashing: President Obama had some surprisingly harsh words for Wall Street on Monday, saying that “Instead of learning the lessons of Lehman and the crisis from which we are still recovering, they are choosing to ignore them.” He went on to say, “Hear my words: We will not go back to the days of reckless behavior and unchecked excess at the heart of the crisis, where too many were motivated only by the appetite for quick kills and bloated bonuses.” Obama was scheduled to have lunch with Bill Clinton after the speech, though the details of their meeting are unknown.

Read it at Associated Press

TRENDING NOW