NEW YORK - In between good-natured gags about the "angularity" of his jaw line and quotes from Homer Simpson, New York Attorney General Eliot Spitzer told financial journalists here that despite record-breaking fines and penalties, the financial world is doomed to repeat its mistakes.

"There's absolutely no question the lessons will have to be learned over and over and over again," he told a packed house at the New York Financial Writers Association annual awards dinner. "Every bubble will be burst, there will be scandals, there will be false reliance and there will be problems."

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