Obama sternly warns Wall Street,but others say don't take it seriously


NEW YORK: President Barack Obama sternly warned Wall Street Monday against returning to the sort of reckless and unchecked behavior that threatened the U.S. with a second Great Depression like that of the 1930s.

Even as he noted the U.S. economy and financial system were pulling out of a downward spiral, Obama warned financial titans on the first anniversary of the Lehman Brothers collapse that they could not count on any more bailouts.

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