Obama “Candid” in Remarks to Banks

In what is being described as a “candid” discussion with the nation’s banks, President Barack Obama made it clear that he expects banks to increase loans to small and medium-sized businesses. Citing the unprecedented level of support and direct infusion of billions of taxpayer dollars into the the banking system, Obama warned the banks to not only increase overall lending, but also to refrain from opposing new regulatory plans.

BBC News

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