USA's New Enemy: Obama Fights US Banks The CEO Game:
"The President of the US addressed all the banks that were helped during the ongoing financial crisis and requested them to return a favor. In his words, now it’s the time for the banks to do their part and chip in to help the financial recovery and give more credit to little businesses. He is practically saying, hey the US tax payer helped you bail out; now the time has come for you to give something back to the public."
Obama made this statement at his “weekly address” which is broadcasted live via the radio and the internet. In his speech, he commented that many business owners in America are having a hard time to get credit from the banks, even though the government had done a lot to improve the financial situation of the banks after the economic collapse in September 2008, which afterwards the banks stopped handing out loans for small and medium businesses.“These are the very taxpayers who stood by America’s banks in a crisis, and now it’s time for our banks to stand by credit worthy small businesses and make the loans they need to open their doors, grow their operations and create new jobs” Obama said. He pointed out the White House is willing to take the steps needed to encourage the banks to give credit, but he didn’t mention what steps will be taken if at all. “It’s time for those banks to fulfill their responsibility to help ensure a wider recovery, a more secure system and more broadly shared prosperity” he added.
"The President of the US addressed all the banks that were helped during the ongoing financial crisis and requested them to return a favor. In his words, now it’s the time for the banks to do their part and chip in to help the financial recovery and give more credit to little businesses. He is practically saying, hey the US tax payer helped you bail out; now the time has come for you to give something back to the public."
Obama made this statement at his “weekly address” which is broadcasted live via the radio and the internet. In his speech, he commented that many business owners in America are having a hard time to get credit from the banks, even though the government had done a lot to improve the financial situation of the banks after the economic collapse in September 2008, which afterwards the banks stopped handing out loans for small and medium businesses.“These are the very taxpayers who stood by America’s banks in a crisis, and now it’s time for our banks to stand by credit worthy small businesses and make the loans they need to open their doors, grow their operations and create new jobs” Obama said. He pointed out the White House is willing to take the steps needed to encourage the banks to give credit, but he didn’t mention what steps will be taken if at all. “It’s time for those banks to fulfill their responsibility to help ensure a wider recovery, a more secure system and more broadly shared prosperity” he added.