President Obama met with community bank leaders at the White House on Tuesday and pressed them to boost lending. Yet in a year in which some 140 community banks have been forced to close, the focus among small lenders is…
Paul Solman talks to economist George Schultz about the merging of large, national banks and how that could impact the idea that some companies are too big to fail.
Judy Woodruff gets another reaction to the White House banker summit from Steve Bartlett of the Financial Services Roundtable, which lobbies for most of the banks represented in Monday's meeting with President Obama.
Tom Bearden examines how small businesses' inability to get credit is playing out in Colorado.
President Obama asked the leaders of top U.S. banks on Monday to assume a larger role in helping the economy to recover. Kwame Holman reports and then Judy Woodruff speaks with presidential senior adviser Valerie Jarrett for more details.
In other news, the United Nations reported that Iraq will delay its national elections by one more month, and China, India, Brazil and South Africa refused to cut carbon emissions by 2050.
Margaret Warner talks to economic expert Simon Johnson about how Dubai's weak economy will affect the rest of the world.
In an interview with Paul Solman, FDIC chairwoman Sheila Bair discusses lessons learned from the financial crisis, and looks back on the federal bailout of institutions deemed "too-big-to-fail," saying, "In retrospect, I think it was not a good idea."…
In other news, falling oil prices drove down U.S. stocks markets, and the Federal Reserve issued a new rule preventing banks from charging overdraft fees on ATM and debit-card withdrawals.
In other news, White House officials insisted President Obama has not decided how many more troops to send to Afghanistan, and a suicide car bombing in Pakistan killed at least 24 people.
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