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[15 Dec 2009 | No Comment | 367 views]
Obama Urges Financial Institutions to take ‘Extraordinary’ Steps in Assisting Economic Recovery-

President Obama recently held a meeting with some of the nation’s largest commercial banking groups, stressing the importance of taking “extraordinary” steps to restore the U.S. economy after obtaining taxpayer bailout dollars. Financial service institutions were monetarily assisted by taxpayers to avoid bankruptcy, which was “largely of their own making,” he said; rendering them indebted to homeowners and small businesses alike.