THIS IS AN EXCELLENT OBSERVATION BY PRES. OBAMA

And it's another reason I'm glad I voted for him.

From Dealbook at the NYT:

Obama Strikes Out at Wall Street Banks
July 21, 2009, 6:19 am


President Barack Obama said Monday that Wall Street banks had failed to show remorse for the “wild risks” that triggered a financial meltdown and helped to push the United States into recession.

President Obama unveiled a sweeping regulatory overhaul in June aimed at improving government oversight of banks and markets to avert a repeat of the financial crisis.

“The problem that I’ve seen, at least, is you don’t get a sense that folks on Wall Street feel any remorse for taking all these risks,” Mr. Obama said in an interview with PBS television.

“You don’t get a sense that there’s been a change of culture and behavior as a consequence of what has happened. And that’s why the financial regulatory reform proposals that we put forward are so important,” he said.