WINSTON-SALEM, N.C. -- When John G. Medlin Jr. speaks, even the President of the United States listens.

Wachovia Corp.'s chairman and chief executive was among the select group of bankers President Bush summoned last year to discuss how to make credit more readily available. Mr. Medlin advised the president to stop referring to a "credi crunch" and Mr. Bush obliged -- at least for a while.

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