Obama Warns Wall Street: 'History Cannot be Allowed to Repeat Itself'

" On the one-year anniversary of the collapse of financial giant Lehman Brothers, President Obama said the economic storms of the past two years "are beginning to break," but he issued a stern warning to the nation's financial firms that as the economy recovers, they cannot revert to the days of "reckless behavior and unchecked excess."

"The old ways that led to this crisis cannot stand," the president said. "History cannot be allowed to repeat itself."

Obama delivered his remarks at Federal Hall in the heart of New York's financial district, just steps away from the New York Stock Exchange, to an audience that included members of Congress, the financial community and key members of his administration's economic team."

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