Presidential Remarks on Small Businesses
President Obama and Treasury Secretary Geithner spoke to small business owners, community lenders, and members of Congress. Speaking… read more
President Obama and Treasury Secretary Geithner spoke to small business owners, community lenders, and members of Congress. Speaking to small business owners in the East Room, they described their plan to reduce lending fees, ease the tax burden and boost bank liquidity to get credit rolling. Under the plan, to be implemented by the end of March, the Treasury Department would begin making direct purchases of securities backed by loans guaranteed by the Small Business Administration, and would purchase new securities. During his remarks, President Obama also criticized plans by American International Group (AIG) to pay bonuses to many executives. close
*The transcript for this program was compiled from uncorrected Closed Captioning.
People in this video
- Cynthia L. Blankenship Vice Chairman and COO Bank of the West (Irving, TX)
- Timothy F. Geithner Secretary Department of the Treasury
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