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Obama Criticizes Wall Street "Complacency" President Uses Anniversary of Key Wall Street

• CBS
President Barack Obama sternly warned Wall Street against returning to reckless and unchecked behavior that had threatened the nation with a second Great Depression. Even as he noted the U.S. economy and financial system were pulling out of a downward spiral, Obama warned financial titans on Monday - the first anniversary of the Lehman Brothers collapse - they could not count on any more bailouts. He credited his administration and the $787 billion stimulus package rammed through Congress in the first days of his taking office for pulling the country back from the brink. "We can be confident that the storms of the past two years are beginning to break," he said. And even as the economy begins a "return to normalcy," Obama said, "normalcy cannot lead to complacency." Nevertheless, Obama said, "Instead of learning the lessons of Lehman and the crisis from which we are still recovering, they are choosing to ignore them."

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