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Obama Will Meet With Top Bank Execs

By Harry Kimball,  Newser Staff

Posted Mar 25, 2009 11:33 AM CDT
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(Newser) – Amid growing dissatisfaction with government restrictions on bailout funds, President Obama will meet with bank CEOs on Friday, Reuters reports. Several banks have indicated that they will repay their TARP loans to avoid new government rules. In the meeting with execs from Citigroup, Goldman Sachs and others, Obama will urge them to “look beyond our own short-term interests,” an aide said.

Top bank executives, on Capitol Hill.
Top bank executives, on Capitol Hill.   (AP Photo)
A Wells Fargo Bank.
A Wells Fargo Bank.   (AP Photo)
President Barack Obama.
President Barack Obama.   (AP Photo)
President Barack Obama.
President Barack Obama.   (AP Photo)
A Bank of America branch office.
A Bank of America branch office.   (AP Photo)
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COMMENTS
Showing 3 of 3 comments
northeast
Mar 25, 2009 6:36 AM CDT
But neither did some of the larger banks...Bank of America, for instance, tried to return bailout funds and practiced commendable judgment throughout the whole situation. Wouldn't such an action merely result in larger banks not being able to put cash up for loans and end up hurting the little guy in the long run?
Robert_Dada
Mar 25, 2009 4:57 AM CDT
There is an easy non-governmental solution to this. Pull all of your funds from these banks and deposit/invest them in small commercial banks, thrifts, credit unions, etc. These institutions did not cause our problems and they are certainly victims of it, as are us. Let's help each other and start moving funds. Power to the people.
gilgordan
Mar 25, 2009 4:55 AM CDT
These Bankers fear loss of influence and personal wealth, and have no interest in sovereign help. If the Prez is smart he should be on the phone with the G-20 to shut these privateers out, for what they truly are, are Pirates and given them no safe haven of influence in global economics. At some point the people of planet deserve more than what these pirates offer. They want to continue the disparate CEO income range they are so accustom to without oversight or transparency, and that includes their board members.

 
Citigroup • Goldman Sachs • Wells Fargo • Obama administration • banks • financial crisis • Wall Street bailout • President Obama • meeting • TARP

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