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OBAMA SAYS ‘THE WORST IS BEHIND US’

Sounding a friendly tone to the nation’s community bankers, President Barack Obama on Tuesday said the White House will seek to cut bureaucratic restrictions so that local lenders can help businesses seize “enormous opportunities” for growth after bleak times.

“We feel very optimistic that the worst is behind us,” the president declared after meeting with heads of a dozen small and community banks. The event, among the final acts of business for Obama before he leaves for a Christmas vacation in Hawaii, follows a similar meeting the president held at the White House with some of the nation’s top bankers. But the tone was different this time. READ MORE…

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