Obama pledges to help small banks affected by financial crisis, recession

Tue, 12/22/2009 - 04:09 EDT - LA Times

At the White House, the president tells leaders of small banks they aren't to blame for the financial crisis and promises to help cut federal red tape so they can boost lending to small businesses.

President Obama welcomed the leaders of a dozen small banks to the White House today, saying they largely were not to blame for the financial crisis and promising to help cut federal red tape so they could increase lending to small businesses.

Original article
Login or register to post comments

George Osborne set to expand Funding for Lending Scheme
U.S. Federal Spending for Higher Education Since 1962
How much does the federal government subsidize the cost of college in the United States? That's the subject of today's chart, where we've taken historical data from the White House's proposed budget for Fiscal Year 2011 and plotted it over time. The chart below shows both nominal and inflation-adjusted figures for all federal outlays for higher education since 1962, with projected values through 2014.
Lending survey shows dire situation faced by small businesses | Phillip Inman
Banks report increase in UK mortgage availability
Bank lending falls by £2.7bn in final quarter of 2012, says Bank of England
Mortgage lending expected to increase, says Bank of England
Bank lending to UK businesses predicted to rise in 2013
George Osborne to extend funding for lending scheme to small businesses
Funding for Lending ‘put on steroids’
The Funding for Lending Scheme, which was launched in 2012 by the Bank of England, is expected to be enlarged and “put on steroids”, reported Financial Times.
Community banks to get bailout money as Obama seeks to boost small business
To spur lending to small businesses, it is 'essential that we make more credit available to the smaller banks and community financial institutions that these businesses depend on,' the president says. President Obama, looking to boost lending to small business, will start using some of the leftover federal bailout funds to shore up smaller community banks and induce them to offer credit to firms he called the "backbone of the American economy."

Main menu

Secondary menu

Obama pledges to help small banks affected by financial crisis, recession

Related

Latest

User login

Our Blog

Markets Map

Follow Us

Secondary menu