Banking executives meet with president

The U.S. top banking executives meet with Obama to discuss their banks financial situation. Obama seemed critical to the executives and wall street according to the Wall Street Journal. The executives admit they made mistakes by lending out excessive amounts of funds and require to much compensation. The executives did want a clear answer from the new administration as to how the government plans to deal with the shortage of cash. The banks have already recieved stimulus money from the government and JP Morgan approximatley owes twenty-five billion. The executives did say they would reimburse the government if they supported the banks and would pay a majority, if not all the funds, back to the government by the end of the year. The author of this article is correct in the fact that the public should be aware of these meetings with banking officials and the Obama administration. I believe the audience here is the residents of the United States, especially to any person who conducts business with these financial institutions. The author did not seem bias to the President or the banking executives the article just narrowed on the behavoir of the executives and Obama. The author stated that Obama was hesitant to grant money to the banks so they could keep a steady amoun t of income that they have been recieving. The executives stated that the past is already finished and they would like to focus on the future instead of applying accusations. I believe that the author was trying to inform the public on this meeting and the status of our government and banking system. The public does indeed have a right to know the content of these meetings to be informed that the government and our nations banking system is conducting business in a proper manner.