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There will be no more taxpayer-funded bailouts. Period.

President Barack Obama — before signing a sweeping extension of federal financial regulation, a response to the 2008 financial crisis that tipped the nation into the worst recession since the Great Depression.

President Barack Obama — before signing a sweeping extension of federal financial regulation, a response to the 2008 financial crisis that tipped the nation into the worst recession since the Great Depression.

Andy Kim is a former GOVERNING staff writer.