Obama says 'not true' that Wall Street regulation too lax

U.S. President Barack Obama on Monday defended his efforts to rein in Wall Street, telling Americans on both sides of the political spectrum that his administration cracked down on banks and trading firms after the financial crisis of 2007-2009. "I want to emphasize this because it is popular in the media and the political discourse, both on the left and the right, to suggest that the crisis happened and nothing happened.