Obama: Bank bailout repayments a positive sign
WASHINGTON (Reuters) - U.S. President Barack Obama on Tuesday welcomed the repayments to the government of $68 billion in bank bailout funds but said the problems in the financial markets were not over yet.
"This is not a sign that our troubles are over; far from it," Obama said in prepared remarks. "The financial crisis this administration inherited is still creating painful challenges for businesses and families alike. But it is a positive sign."
He said that it was crucial that the country learn lessons from the worst financial crisis since the Great Depression and to ensure market players do not take "reckless risk."
© Thomson Reuters 2009 All rights reserved
India Investment Summit 2009
Top executives and bankers discuss their own plans and the broader opportunities and challenges for India. Full Coverage
GLOBAL RECOVERY
Global economy in holding pattern - IMF
The global economy is in a holding pattern and vulnerable to more upheaval, the head of the IMF said, adding a lasting recovery will depend on policymakers taking the proper steps in the coming months. Full Article
India
US
UK
