Obama Urges Banks To Lend To Small Firms | Shanghai Daily

The story appears on

Page A14

October 26, 2009

GET this page in PDF

Free for subscribers

View shopping cart

Related News

Home » Business » Finance

Obama Urges Banks To Lend To Small Firms

BANKS should return the favor they received in their recent taxpayer-financed bailout by lending more money to small businesses, US President Barack Obama said on Saturday.

In his weekly address, Obama said many small business owners remain unable to get credit, which was virtually frozen when the financial crisis took hold last year.

"These are the taxpayers who stood by America's banks in a crisis, and now it's time for banks to stand by small businesses and make the loans they need to grow their operations and create new jobs," he said.




 

Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend