President Barack Obama in a speech in New York, warned that the financial leaders on Wall Street did not use the U.S. economic recovery as an opportunity to do more carelessness resulting in a new crisis.

Obama also stressed the need for financial regulation is more stringent. The speech coincided issued bankruptcy one year’s fourth-largest investment companies in the U.S., Lehman Brothers, it was hard enough for human beings in the Wall Street finance. Obama made a speech at Federal Hall, not far from Wall Street.

He warned that some officials in the Wall Street ignored the lessons of the financial crisis. He also wanted the era of new prudential financial markets after the shock.

“We can no longer use the old procedure that caused the crisis,” said U.S. leaders. In his speech, obliquely Obama lamented that U.S. financial firms blame for causing the crisis and create a crisis broke out everywhere. “History can not be allowed to happen again,” she said.

A year after Lehman Brothers bankruptcy and caused the crisis deepened, Obama also called for Congress to act this year to create what he called regulatory reform as one of the most powerful tool to overcome the biggest financial disaster since the great depression.

However, the main message in Federal Hill, near Wall Street, New York, is that in the current weak economy, some major actors in the U.S. financial sector, even ignoring the lessons to be learned from this crisis. “They not only endanger themselves, but also endanger our country.

Obama said, many large banks and financial institutions on Wall Street who received huge bailouts from the government that comes from the taxpayers.

“So I want all who are here to listen to my words, we are not going back to the past with the carelessness and recklessness do not understand that it is the heart of the crisis. Many people are only motivated by the bonus alone, “he said.

Bonus and salaries of financial executives on Wall Street is known to be very large and abundant, though the company lost or received bailouts from the government though. Obama urged his bosses to give financial firms “sign so” for their commitment to improve public confidence by delaying a bonus.

Reaction

Market makers on Wall Street calm response to Obama’s speech is loud enough.

Richard Ross, a global analyst at Auerbach Grayson, in New York, said the economy will still experience obstacles. However, the investors more optimistic than last March when the index fell early last March.