December 9th, 2009
12:02 PM ET
9 months ago

Obama to meet with bank CEOs

New York (CNNMoney.com) - President Obama will meet with the chief executives of several big banks next week, in an effort to help spur greater lending to consumers and small businesses, two senior White House officials told CNN Wednesday.

The president is also expected to discuss the sweeping financial regulatory reform package that the administration is currently trying to push through Congress during Monday's scheduled meeting.

Officials said that the list of attendees has not yet been finalized, but that it is likely that executives from some of the nation's biggest banks will be present.

The extent to which banks have been willing to lend has remained a focal point for Washington, after the U.S. government pumped billions into the banking sector over the past year in an effort to get the economy back on track.

Consumers and small businesses in particular contend that loans are still tough to come by. Banks maintain that they are lending even as the appetite for new loans has dropped off.

News of Monday's meeting comes just a day after President Obama proposed redirecting a certain portion of bailout money left over from the Troubled Asset Relief Program to help create jobs and provide aid to Main Street consumers and businesses.

–Ed Henry, CNN's senior White House correspondent, contributed to this report


Filed under: President Obama
soundoff (55 Responses)
  1. Dean

    Hope he takes a line from Donald Trump.... Your all Fired!!!!!!

    December 9, 2009 02:16 pm at 2:16 pm |
  2. Dar

    Hummmmm, kind of sounds like what Bush did to get the ecomomy going 8 years ago.

    Next, Odumbo will be mailing out checks to everyone so they can go out and spend money to get the economy going again.

    This dork is such a tool, he is so lost. I cant beleive we hired this fool.

    December 9, 2009 02:26 pm at 2:26 pm |
  3. Tim

    President Obama will meet with the chief executives of several big banks next week, in an effort to help spur greater lending to consumers and small businesses.

    I.e., twist their arms and threaten them in private.

    December 9, 2009 02:31 pm at 2:31 pm |
  4. Tim

    He should just do like Frank and Dodd, and insist that the banks lend to unqualified borrowers. It will make him feel good and win him some votes.

    December 9, 2009 02:38 pm at 2:38 pm |
  5. Jamie

    Let them know that we will tax their 'bonuses' like Britain if they don't cooperate more and stop choking the American taxpayer.

    December 9, 2009 03:10 pm at 3:10 pm |
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