December 14th, 2009
01:09 PM ET
7 months ago

Obama to banks: 'Rebuild our economy'


NEW YORK (CNNMoney.com) – President Obama pressed Wall Street bankers at the White House on Monday, urging them to make more loans and modify mortgages to help taxpayers who propped their banks up with federal bailouts.

"My main message in today's meeting was very simple: America's banks received extraordinary assistance from American taxpayers to rebuild their industry," Obama said. "Now that they're back on their feet, we expect an extraordinary commitment from them to help rebuild our economy."

Updated: 1:18 p.m.

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Filed under: President Obama • TARP
soundoff (56 Responses)
  1. Paul from Phoenix

    Good idea Obama. We got into this mess because people who had no business getting loans were given them. Now, you are going to force the banks to give out those loans again. Bravo.

    Here's an idea. How about the federal government get us out of debt. What? That doesn't work for you? You would prefer putting us further in debt? Why don't you look in the mirror first.

    In fact, I think you and the rest of the bums in Congress, on both sides of the aisle, are making too much money. What? Congress voted themselves a pay raise this year while the rest of the planet is in a recession?

    WHY WASN'T THIS REPORTED??????????????

    December 14, 2009 03:24 pm at 3:24 pm |
  2. aneanderthal

    Excellent message Hussein, could we possibly expect the same of you? I'd love to see your resignation, no book writing contracts at the end of your (hopefully short) sham as our president. Just another soooo very typical hypocritical liberal democrat. Elitist. nasty.

    December 14, 2009 03:25 pm at 3:25 pm |
  3. dora

    You first Mr. President, replace all those advisors who used to work for Goldman Sachs and Citigroup with some actual economists, like Paul Krugman and Ravi Batra. Do what's right for the people of this country and not just what is right for the corporations.

    December 14, 2009 03:26 pm at 3:26 pm |
  4. German,Irish American

    What a moronic disgrace this clown is. First, his "stimulus" was going to keep unemployment below 8%. After that huge failure, he is now begging banks to loan money to get the economy going. He is using the same failed policies, telling banks who to loan to ie. Fannie and Freddie, that led to the collapse of the economy. The media hype of Obama being an intellectual is being disproved every time he opens his mouth.

    December 14, 2009 03:32 pm at 3:32 pm |
  5. Claudia, Houston, Tx

    When you talk about banks, John McCain goes into hiding if you haven't noticed and when you talk about gay/lesbians Dick Cheney goes back into hiding. Boehner just came out of hiding after he publically referenced and held up a copy of the Constitution but quoted from the Declaration of Independence not knowing the difference. These are just three of our so-called cowards in the Republican party. People keep a track record like I have and you will see exactly how they go into hiding and then when the conversation changes they reappear with their same negativity on other issues.

    December 14, 2009 03:40 pm at 3:40 pm |
  6. Idiot_Pelosi

    Oh, so now OBOZO is going to blame the BANKS.

    It's everybody's fault except OBOZO's weak economic policies.

    OBOZO,
    Three more years of you. Counting the days.

    December 14, 2009 03:42 pm at 3:42 pm |
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