President Obama hosts bank leaders
The economy received some positive news on Sunday from President Obama’s top economic adviser, Larry Summers, who said that the recession is over on ‘This Week with George Stephanopoulos.’ But even if you agree with Summers, it’s still hard for many to forgive and forget the role Wall Street played in creating the current economic mess. Even President Obama recently said, “I did not run for office to be helping out a bunch of … fat cat bankers on Wall Street.” On the heels of those harsh words, Obama will be hosting the heads of those same banks at the White House Monday. Peter Morici, an economist and business professor at the University of Maryland, says this is just another publicity stunt. We’re also joined by Eric Dash, a banking reporter for The New York Times, who has also been covering this story.
The story you just read is available to read for free because thousands of listeners and readers like you generously support our nonprofit newsroom. Every day, the reporters and producers at The World are hard at work bringing you human-centered news from across the globe. But we can’t do it without you: We need your support to ensure we can continue this work for another year.
When you make a gift of $10 or more a month, we’ll invite you to a virtual behind-the-scenes tour of our newsroom to thank you for being with The World.