President Barack Obama says banks have a greater obligation to help the U.S. economy recover because they received 'extraordinary' assistance from the government and tax payers. (Dec. 14)
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Executives from top banks arrived at the White House ready for sharp criticism. As Joel Brown reports, bankers weren’t too supportive of a new plan that increases the government role as a regulator.
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The White House hosted a meeting with the leaders of 12 U.S. banks to discuss ways to boost lending and the economy. WSJ’s Elizabeth Williamson and Dow Jones's Al Lewis and Michael Reid discuss the significance and what to expect out of the meetings, in the News Hub.
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The President talks about the importance of loosening access to credit and the necessity of financial regulatory reform in remarks following his meeting with financial and banking leaders at the White House. December 14, 2009. (Public Domain)
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