Obama: Wall St protests show ‘US frustration’

US President Barack Obama said anti-Wall Street protests in New York and beyond were an expression of public anger over the antics of bankers and frustration over the moribund economy.

“I have seen it on TV and I think it expresses the frustration that the American people feel,” Obama said in a White House news conference, when asked about the Occupy Wall Street demonstrations.

Obama argued that people disliked top bankers and financial firms which caused the crisis trying to fight regulation.