Obama To Banks: ‘The Rest of Us Are Not Bailing You Out Ever Again’

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President Obama took a shot at financial institutions the government bailed out during the great recession, saying increased paper trail requirements will help ensure we don’t have to bail them out again:

So if you’re a big bank or financial institution, you are no longer allowed to make risky bets with your customers’ deposits. You’re required to write out a “living will” that details exactly how you’ll pay the bills if you fail – because the rest of us aren’t bailing you out ever again.

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