Gov. Martin O'Malley Says 'New Leadership' Needed to Rein in Wall Street

Newly declared presidential candidate hits Bush, Clinton.

"I'm saying that what we need [is] new leadership ... to actually rein in excesses on Wall Street," O'Malley told ABC News' George Stephanopoulos, when asked if Clinton and Bush are beholden to the "bullies" of Wall Street. "And I do believe that, yes – the old leadership of our country was very often deeply engaged with Wall Street."

"I've got news for the bullies of Wall Street -- the presidency is not a crown to be passed back and forth by you between two royal families," O'Malley said during his announcement speech.

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