1%ers Playing Survival-Of-The-RICHEST!

Mr. Shaman

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"President Obama, who lashed out Sunday at "fat cat bankers" who "still don't get it," plans to gather the heads of major banks at the White House on Monday to urge them to make more loans and to accept the necessity of greater regulation.

Obama convened a similar meeting with bank executives in March, and the need for a replay highlights the lack of progress in the interim. The banking industry has reduced lending for five consecutive quarters, even as it has regained profitability thanks to vast public aid.

The administration's success in rescuing banks stands in starker contrast every day with the financial problems of many Americans, most of all the lack of new jobs, and Democrats made restless by the disparity are mounting pressure on the White House.

The need for moderation in executive pay also is on the agenda, officials said. The guest list includes the chief executives of 12 of the nation's largest banks, among them Bank of America's Kenneth D. Lewis, J.P. Morgan Chase's Jamie Dimon and Goldman Sachs's Lloyd C. Blankfein.

Democrats increasingly are frustrated that renewed economic growth is not yet producing new jobs, and they have focused on the fact that banks are making less money available to businesses. The amount of money on loan from banks fell by almost $600 billion, or 7.2 percent, from September 2008 to September 2009, according to the Federal Deposit Insurance Corp. Lending to businesses, excluding construction loans, fell 15 percent."

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