We face the fourth quarter with hopes of reform and rebuilding paired with an obvious and earned distrust for the government, Wall Street and the mortgage and banking systems. Between bankruptcies, bailouts and layoffs, some feel that we hit the bottom of the worst economic storm since the Great Depression, and that the next step is to make sure we don’t let history repeat itself.

President Barack Obama threw stern words at Wall Street this morning, reminding it of the irresponsible behaviors that drove the U.S. into recession and warning not to fall back into reckless habits. On the first anniversary of the collapse of Lehman Brothers, the biggest bankruptcy in U.S. history, President Obama warned the bellwethers and big names not to anticipate anymore government bailouts.

“We will not go back to the days of reckless behavior and unchecked excess at the heart of this crisis, where too many were

In the currency market, the dollar rose slightly against the euro. Late Tuesday, the euro was trading at $1.4199 vs. $1.4226 on Monday. Except for the yen, the dollar gained marginally on most of its major rivals yesterday.

“Since the start of the financial crisis of 2007 there has only been one trade across all the capital markets — risk on or risk off. As equities collapsed, the dollar and the yen gained while the euro, the pound and the Aussie along with oil and gold declined,” said Boris Schlossberg, director of currency research at GFT.

“As the recovery trade took hold the process has reversed and all the risk currencies have marched almost lock in step with equity prices,” Schlossberg added.

In economic news, Bernanke was back in front of Congress yesterday, spouting economic fallacy after fallacy that the news media eagerly lapped up and politicians grossly mis-analyzed.

The always-vocal Rep.