W.H. Is Confident that Taxpayers Will Never Again Have to Bail Out Big Banks

EARNEST: "Well the president does -- is confident that because of the way that we have succeeded in implementing Wall Street reform regulations that we have addressed the problem that was raised in the context of financial crisis, about taxpayers being on the hook for bailing out big banks that make risky bets that go bad. The good news is that there now is a mechanism for regularly reviewing large financial institutions to assess their health and to assess their ability to weather a difficult financial environment even a financial crisis."