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Obama to discuss economy with bankers Friday: W.House
WASHINGTON (Reuters) - President Barack Obama will discuss ways to stabilize the economy during a meeting with top U.S. bankers on Friday, a White House spokesman said.
"The president looks forward to getting an update on what they're seeing happening in the economy," spokesman Robert Gibbs said on Wednesday of the banking chief executives who are slated to meet with the president later this week.
He said Obama's message at the meeting would be to say what is good for Wall Street is good for Main Street.
"We're all in the same boat," he said. "We have to understand that ... what is good for one has to be also good for the other."
About a dozen top bank chiefs are expected to attend, including executives from JPMorgan & Co, Goldman Sachs and Citigroup.
The meeting will come just days after the U.S. Treasury Department provided details on a government plan to cleanse banks' balance sheets of up to $1 trillion of distressed loans and securities.
WASHINGTON (Reuters) - President Barack Obama will discuss ways to stabilize the economy during a meeting with top U.S. bankers on Friday, a White House spokesman said.
"The president looks forward to getting an update on what they're seeing happening in the economy," spokesman Robert Gibbs said on Wednesday of the banking chief executives who are slated to meet with the president later this week.
He said Obama's message at the meeting would be to say what is good for Wall Street is good for Main Street.
"We're all in the same boat," he said. "We have to understand that ... what is good for one has to be also good for the other."
About a dozen top bank chiefs are expected to attend, including executives from JPMorgan & Co, Goldman Sachs and Citigroup.
The meeting will come just days after the U.S. Treasury Department provided details on a government plan to cleanse banks' balance sheets of up to $1 trillion of distressed loans and securities.