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CHICAGO, Sept 15 (Reuters) - U.S. Democratic presidential candidate Barack Obama said on Monday the crisis sweeping Lehman Brothers and other Wall Street firms posed a major threat to the U.S. economy and underscored the need to modernize the financial system.
"The situation with Lehman Brothers and other financial institutions is the latest in a wave of crises that are generating enormous uncertainty about the future of our financial markets," Obama said in a statement.
"This turmoil is a major threat to our economy and its ability to create good-paying jobs and help working Americans pay their bills, save for their future, and make their mortgage payments," he added.
(Reporting by Caren Bohan; Editing by Peter Cooney) Keywords: USA POLITICS/OBAMA LEHMAN
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