Obama Weighs in on Wall Street Woes

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The Land of Lincolner tells Bloomberg TV investors shouldn’t expect taxpayers to bail them out, proposes closer scrutiny of credit-ratings services.

“Whether it’s Freddie Mac or some of the investment banks, at some level what you had is a situation in which investors and management at these firms were taking extraordinary risks…”

“But you can’t have a situation where you expect the taxpayers to foot the bill when times are bad.”

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