Obama did not explain what Wall Street behavior he found least ethical or what unethical Wall Street actions he believed was not illegal. It would have done the world (and Obama) a great service had he been asked these questions. He would not have given a coherent answer because his thinking on these issues has never been coherent. If he had to explain his position he, and the public, would recognize it was indefensible.
Bill Black then demonstrates, beyond the shadow of a doubt, that a large number of Wall Street commercial- and investment-bank personnel, at ALL levels, are--or should be--criminals. And, by the way, their CPA firms should be intensively quizzed, too.