WASHINGTON, Jan 22 (Reuters) - U.S. President Barack Obama said on Friday he wanted to put in place new financial regulations to protect taxpayers from “dumb decisions” made by banks.
“It is going to be a fight, you watch. I guarantee you when we start on financial regulatory reform, trying to change the rules to prevent what has caused so much heartache all across the country, there are going to be people who are saying why he is meddling in the financial industry?
“I just want to have some rules in place so when these guys make dumb decisions you don’t end up having to foot the bill. I don’t mind having that fight,” Obama said to applause from an audience at an event in Elyria, Ohio.
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