Obama Pushes 'Fat Cat' Bankers to Lend More

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President Barack Obama is meeting with the top officials of some of the nation's biggest banks on Monday. He is scolding them for failing to lend more money to small businesses.

Meanwhile, members of the White House are at odds on if the recession is actually over.

"Today, everybody agrees that the recession is over, and the question is what the pace of the expansion is going to be," said Lawrence Summers, director of the White House National Economic Council.

"But I think the president's always said, and what I firmly believe, you're not recovered until all those people that want to work are back to work," White House Council of Economic Advisors Christina Romer said on NBC's Meet the Press on Sunday.

"So in your mind, this recession is not over?" asked show host David Gregory.

"Of course not," Romer replied.

Romer pointed to the country's 10 percent unemployment as a the biggest sign the recession is not over.

That statistic will be difficult to turn around with small businesses, like Hendrickson Custom Cabinetry in New York, New York. Company officials are still afraid to risk hiring anyone.

"This is a jobless recovery for us. Make no doubt about it," said the company's Lisa Hendrickson.

Some economic forecasters predict companies could start adding jobs to their payrolls in the early part of the new year. But many are having a tough time getting loans from banks. The president is expected to have stern words for some of those banks during the White House meeting.

"I did not run for office to be helping out a bunch of, you know, fat-cat bankers on Wall Street," Obama said. "The only ones that are going to be paying out these fat bonuses are the ones that have now paid back that TARP money."

Obama is expected to ask the executives not to take pay increases and big bonuses, while so many Americans continue to struggle financially.

He will also urge them to re-finance more mortgages.

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