London, of all places, is leading the battle against exaggerated banker bonuses. And leaders from all over the world are discussing how they can put an end to the banking practices that caused the global economic crisis. They are also considering ways for banks to compensate for the damage they caused. Josef Ackermann can't let it happen. The CEO of Deutsche Bank, Germany's largest, says what he thinks and refuses to back down from a fight -- or from a faux pax.It sounded like a direct response to none other than Barack Obama. During a recent appearance on the CBS show "60 Minutes," Obama aired out his frustrations with bankers. The same banks "who benefitted from taxpayer assistance ... are fighting tooth and nail with their lobbyists up on Wall Street or up on Capitol Hill fighting against financial regulatory reform," Obama said. He added: "I did not run for office to be helping out a bunch of ... fat cat bankers on Wall Street." German Chancellor Angela Merkel sees things much the same way. And she's miffed at bankers, too. Merkel recently said in public that some of these bankers were even "shooting (their) mouths off a bit."
London, of all places, is leading the battle against exaggerated banker bonuses. And leaders from all over the world are discussing how they can put an end to the banking practices that caused the global economic crisis. They are also considering ways for banks to compensate for the damage they caused.
Josef Ackermann can't let it happen. The CEO of Deutsche Bank, Germany's largest, says what he thinks and refuses to back down from a fight -- or from a faux pax.
It sounded like a direct response to none other than Barack Obama. During a recent appearance on the CBS show "60 Minutes," Obama aired out his frustrations with bankers. The same banks "who benefitted from taxpayer assistance ... are fighting tooth and nail with their lobbyists up on Wall Street or up on Capitol Hill fighting against financial regulatory reform," Obama said. He added: "I did not run for office to be helping out a bunch of ... fat cat bankers on Wall Street."
German Chancellor Angela Merkel sees things much the same way. And she's miffed at bankers, too. Merkel recently said in public that some of these bankers were even "shooting (their) mouths off a bit."
"I did not run for office to be helping out a bunch of ... fat cat bankers on Wall Street."
Yup, that's the tone you had campaigning, so +why did you?+
dvx:
Merkel recently said in public that some of these bankers were even "shooting (their) mouths off a bit."
translation: shaddap you guys, i know you don't depend on elections for your money, but would you please have some mercy on your front-woman? you got your money, now keep a low profile, ferchrissake!
but they can't get their jolli-oes unless they get to strut and crow, can they? how else would we know how superior they are? ~"When an inner situation is not made conscious, it appears outside as fate." Karl Jung~
