Barack Obama actually said...

What's happening is a lot of these banks are keeping it in the bank because their balance sheets have gotten so bad that they decided, you know what, for us to stay solvent we need to maintain certain capital ratios, we have got to have a certain amount of capital in the bank and they haven't started lending it yet.

Context

Obama discusses the failure of banks to lend money despite receiving bailout funds, indicating a problem with the recovery plan.

03/19/2009

https://transcripts.cnn.com...

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