Obama To Banks: Ease Lending To Businesses
President Barack Obama is asking bank executives to support his efforts to tighten the financial
industry, while bankers are prepared to tell the president he should stop oversimplifying their concerns if he wants good-faith collaboration.
An hourlong meeting between the president and the nation's top financial firms was shaping up to be a tense White House encounter not least because of Obama's description of bankers on the eve of the talks as "fat cats."
Administration officials described the meeting as a continuation of discussions the president initiated early in his tenure and the latest push for lenders to take greater responsibility as the nation combats an economic crisis that began on Wall Street.
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