OBAMA COACHES TOP BANKS: LEND MORE, SPEND LESS WITHOUT EXCESS

The Washington Post reports that  President Barack Obama had a  sit down and a chin wag, with America’s top banking CEOs. The roll call of America’s banking CEO’s included the heads of Bank of America, Citigroup and J.P. Morgan Chase, 

In an effort to give  top banks some  guidance into what acceptable culture  of banks should be through a recession, here’s what the new President had to say:

• Lend more, spend less
• Excess is  out of fashion

Word!