Obama To Bankers: Lend More, Spend Less

04/28/2009 05:12 am ET | Updated May 25, 2011
  • Binyamin Appelbaum and Michael A. Fletcher Washington Post

Lend more. Spend less.

That was President Obama's message yesterday during a meeting at the White House with the chief executives of the nation's largest banks. The president told the bankers he understood their critical role in renewed economic growth, and was committed to returning the industry to long-term health.

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