MAIL ONLINE: President Barack Obama rebuked fat cat executives for shady dealings as he pushed last night for sweeping reforms to stop another financial meltdown.
Without laws imposing stronger scrutiny of the financial industry America is doomed to repeat the past, the Presidents believes.
In a speech today at New York's Cooper Union college, near Wall Street, Mr Obama was outlining the need for new financial regulations and explaining what the nation would be risking if the existing framework is allowed to remain in place unchanged.
Echoing remarks he made in the same place two years ago, he said: 'A free market was never meant to be a free licence to take whatever you can get, however you can get it.
'That is what happened too often in the years leading up to the crisis. 'A free market was never meant to be a free licence to take what you can get': Obama slams Wall St in push for more regulation >>> Mail Foreign Service | Friday, April 23, 2010
