**US President Barack Obama has warned bankers against complacency, saying that some in the industry are ignoring the lessons of the financial crisis.**He called on Wall Street to support “the most ambitious overhaul of the financial system since the Great Depression”.
“We will not go back to the days of reckless behaviour and unchecked excess at the heart of this crisis,” he said.
The financial system was returning to normal but had not recovered, he added.
“There are some in the financial industry who are misreading this moment,” said President Obama, in a speech to mark one year since the collapse of Lehman Brothers bank.
“Instead of learning the lessons of Lehman and the crisis from which we are still recovering, they are choosing to ignore them,” he said.
He told Wall Street that it could not resume taking risks without regard for consequences and expect US taxpayers would again bail them out.