Wall Street Tries to Make Nice with Obama


After President Obama smashed Wall Street for being out-of-touch "fat cats" on 60 Minutes over the weekend, the bankers tried to mend fences during a meeting at the White House on Monday.

Whether any detente will last is not clear. Obama, whose coolness under pressure was legendary during the campaign, clearly was annoyed with the banks for failing to do enough to jump start the economy after U.S. taxpayers spent hundreds of billions of dollars rescuing them, and he urged them to lend more to small-and mid-sized businesses and to do more to help homeowners in danger of losing their homes.