Loans or Else: Obama gets tough with Wall Street

RussiaToday
December 14, 2009
President Barack Obama has some harsh wordswith Wall Street. In a recent "60 Minutes" interview, the president got tough with the executives of the country's largest banks, calling them "fat cats" and pointing out that they were largely responsible for getting the country into the economic mess it is in now. The interview aired the night before a financial services roundtable during which the president had an hour-long meeting with the same banks chiefs he called "fat cats." The president was able to get commitments from some of the banks to open up their lending to small businesses. But was this step enough to start lending to business owners and get the American economy rolling?