President Barack Obama said he’ll demand “accountability” from any U.S. bank that requires additional taxpayer money following “stress tests” being conducted by regulators.
“We’ll try to use as light a touch as we can, but I’m not going to simply put taxpayer money into a black hole where you aren’t going to see results or some exit strategy so the taxpayers ultimately are relieved of these burdens,” Obama said at a news conference Sunday in Trinidad and Tobago as he wrapped up his first Summit of the Americas.
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