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Title : President Shames Banks and Bailouts
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President Shames Banks and Bailouts

President Barack Obama was recently very direct and on target when making his case for financial reform, close to where the economic crash all began-near Wall Street at the Cooper Union, in lower Manhattan. He, rightfully, blamed the fiscal meltdown, only two years ago, on bankers' "failure of responsibility." ''The only people who ought to fear the kind of oversight and transparency that we're proposing are those whose conduct will fail this scrutiny,'' Obama said before prominent players in the world of money.

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