At President Obama's prime-time press conference Wednesday night, marking his first 100 days in office, banking issues took a back seat to other pressing concerns like the health of the auto industry. But the last question asked Obama "what kind of shareholder are you going to be” as the government takes stakes in car companies, the mortgage giants Fannie Mae and Freddie Mac and some banks. Here is the President's answer, minus a passage strictly about the car companies.
"Well, I think our — our first role should be shareholders that are looking to get out. You know, I don't want to run auto companies. I don't want to run banks. I've got two wars I've got to run already. I've got more than enough to do. So the sooner we can get out of that business, the better off we're going to be.