Obama hits out at unrepentant Wall Street banks

WASHINGTON, July 20 | Mon Jul 20, 2009 6:15pm EDT

WASHINGTON, July 20 (Reuters) - U.S. President Barack Obama said on Monday that Wall Street banks had not shown enough remorse or change since the financial meltdown that helped spur a U.S. recession.

"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," 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."

(Reporting by Ross Colvin and Jeff Mason)

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