Obama to demand public-backed banks boost lending

01/19/2009 | Financial Times (free content) · CNBC

Top advisers say that President-elect Barack Obama will demand increased lending from banks that receive taxpayer funds. Officials are vowing that restoring the flow of credit will be a top priority for the incoming administration. "I think he is going to have a strong message for the bankers. We want to see credit flowing again. We don't want them to sit on any money that they get from taxpayers," said David Axelrod, a senior Obama strategist.

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Financial Times (free content) · CNBC

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