Obama: No real remorse on Wall Street

07/21/2009 | Reuters

President Barack Obama offered a rebuke of Wall Street banks Monday, saying they had taken "wild risks" but had shown no remorse for causing the financial crisis. "The problem that I've seen, at least, is you don't get a sense that folks on Wall Street feel any remorse for taking all these risks," Obama said. The president said that lack of remorse highlights the importance of the regulatory overhaul proposals he has made.

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