10/26/2009

President Barack Obama on Saturday called on bailed-out banks to increase lending to small businesses caught in a credit squeeze. Calling small business the "engine" of the economy, the president said big banks need to "fulfill their responsibility" to broaden prosperity and widen recovery by helping small-business owners. "These are the very taxpayers who stood by America's banks in a crisis -- and now it's time for our banks to stand by creditworthy small businesses, and make the loans they need to open their doors, grow their operations and create new jobs," Obama said.

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