{"id":2468,"date":"2009-12-15T03:07:28","date_gmt":"2009-12-15T09:07:28","guid":{"rendered":"http:\/\/www.nationalturk.com\/en\/?p=2468"},"modified":"2009-12-15T03:07:28","modified_gmt":"2009-12-15T09:07:28","slug":"obama-us-banks","status":"publish","type":"post","link":"https:\/\/www.nationalturk.com\/en\/obama-us-banks\/","title":{"rendered":"Obama orders US banks to boost lending"},"content":{"rendered":"

President Obama has told US bank executives that it’s time for them to help taxpayers by lending more.<\/strong><\/p>\n

\"President<\/a>In a meeting with Wall Street’s top bank executives, the president laid it on the line that their obligations to taxpayers are far from over.<\/p>\n

“Now that they’re back on their feet, we expect an extraordinary commitment from them to help rebuild our economy,” the President said.<\/p>\n

According to the White House, 60 percent of the banks that took government loans have repaid them with interest, and many of those banks are reporting profits again.<\/p>\n

However, consumers and small businesses are still having trouble getting loans, they say.<\/p>\n

Bankers say that while people are asking for money the question is if they can pay the loans back during a recession.<\/p>\n

“We agree viscerally that more lending needs to be done,” said Richard Davis, CEO of US Bank, said after the meeting.<\/p>\n

“We’re looking for those opportunities to make sure we don’t put people in harm’s way, and we don’t put banks back in harm’s way.”<\/p>\n

The White House meeting comes just one day after the President’s 60 Minutes interview where he described the bankers as Wall Street “fat cats” who just don’t get it.<\/p>\n

He said they’ve gone back to their old ways of big executive bonuses, while taxpayers who bailed them out continue to suffer.<\/p>\n

Congress is debating new, stricter financial reforms. The bankers say they’re on board with most of the plan, but feel some of the reforms go too far.<\/p>\n

Republicans argue the added government may do more harm than good.<\/p>\n

Despite the tough talk, both sides called the White House meeting productive.<\/p>\n

The banks have pledged to work on new programmes to jumpstart lending, and the President says he urged them to work harder.<\/p>\n","protected":false},"excerpt":{"rendered":"

President Obama has told US bank executives that it’s time for them to help taxpayers by lending more.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25,80,63,51,118,101],"tags":[633,1450,1382,3291,550,3292,542,3289,3290,2195,1136,3116],"class_list":["post-2468","post","type-post","status-publish","format-standard","hentry","category-america","category-breaking-news","category-daily","category-economy","category-hot","category-politics","tag-america-barack-obama","tag-barac-obama","tag-barack-obama-america","tag-barack-obama-us-banks","tag-mr-obama","tag-obam","tag-obama","tag-obama-n","tag-obama-us-banks","tag-president-barack-obama","tag-president-obama","tag-u-s-president-barack-obama"],"_links":{"self":[{"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/posts\/2468","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/comments?post=2468"}],"version-history":[{"count":0,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/posts\/2468\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/media?parent=2468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/categories?post=2468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/tags?post=2468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}