Posted on 03/28/2009 4:13:03 AM PDT by Scanian
WASHINGTON -- The nation's top bankers walked away from a summit with President Barack Obama pledging broad support for his bank-bailout program and efforts to revive the economy, but the meeting failed to resolve tensions over executive pay and the president's tough rhetoric of recent weeks.
The highly unusual meeting, which came after weeks of public feuding between Democrats in Washington and banks, brought President Obama face to face with 15 of the nation's top bank executives, including the heads of J.P. Morgan Chase & Co., Bank of America Corp., Wells Fargo & Co., Citigroup Inc. and Morgan Stanley. All of the banks have received federal bailout cash -- in some cases after being told they must -- and some have openly bristled over mounting public criticism of their pay and their banks' lending.
That was one topic of discussion Friday at a meeting all sides described as cordial. According to participants, some of the chiefs told the president they want to return their bailout money later this year, but Mr. Obama told them that regulators would permit such a move only if the banks were truly healthy. This account of the meeting is based on interviews with participants, White House aides and others familiar with the gathering.
For his part, Mr. Obama told the group that bankers should be more modest in their compensation and spending practices, participants said.
(Excerpt) Read more at online.wsj.com ...
Like with Hamas or any other terrorist group, Obama will be back worse than ever. Dumb bankers.
I see my bank is up there. I am leaving that spindless wonder. If they can’t stand up; I don’t need them.
It’s just bizarre that this guy BO, who has zero experience in business or economics, is meeting with top level bankers and giving the appearance that he knows what he’s doing.
Pander, pander, pander.... Panderers to the left of me, panderers to the right of me...
We are a world of panderers.
I cannot believe that that the “0”was quoted in the article saying the following:
“0” noted he was the first new president not to redecorate the Oval Office. “There are still stains on the carpet,”.
Holding meetings with the new secretary of state perhaps!
I can’t be the only one who laughs when I see pictures of Obama acting like he’s so smart but looking like a school boy.
I watched several of the banker interviews after this meeting just as I had done after the TARP armtwister. It’s amazing how everyone uses almost the exact same words to describe the meeting just as they did the last time.....almost as if they were given scripts....
After watching those guys in action, I'm glad I'm not a stockholder in any of those banks.
We're now in Phase 2...Getting scr**** twice!!
Our hands are tied!! We must obey!!
That's the sentence I picked out from the article, too! First of all, why would this even be a topic of conversation unless one of the bankers brought it up (so maybe the meeting was so cordial after all?), and second of all, what is wrong with the guy? He's a gaffe a week.
You know the topic of conversation on talk radio next week is going to be that one statement. Bet Rush leads off with it on Mon. Monica Crowley will surely mention it today.
Did any of them have the Nerve to say to the man that It is None of his Business what they make. Did any of them ask the Constitutional professor where in the Constitution he has the Authority to tell anyone what they should make ?
These banks should get some balls and stand up to pretty boy Obama.
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