President Obama and his team of economic advisors lashed out at large-cap banks calling bank executives "fat cats" that "don't get it" in a move that will certainly escalate tensions between the nation's largest banks ahead of a meeting between the White House and industry executive. Mr. Obama, speaking just one day before tomorrow's meetings with the heads of top banks at the White House, said that he would attempt to convince bankers to free up more credit for businesses, in hopes of boosting job growth during an interview to be broadcast on CBS' "60 Minutes" program. During his interview, President Obama expressed frustration with banks that the government provided assistance to, including JP Morgan Chase (NYSE: JPM), Citigroup (NYSE: C), Bank of America (NYSE: BAC) and others. "I did not run for office to be helping out a bunch of fat cat bankers on Wall Street," said Mr. Obama.
Mr. Obama, speaking just one day before tomorrow's meetings with the heads of top banks at the White House, said that he would attempt to convince bankers to free up more credit for businesses, in hopes of boosting job growth during an interview to be broadcast on CBS' "60 Minutes" program.
During his interview, President Obama expressed frustration with banks that the government provided assistance to, including JP Morgan Chase (NYSE: JPM), Citigroup (NYSE: C), Bank of America (NYSE: BAC) and others.
"I did not run for office to be helping out a bunch of fat cat bankers on Wall Street," said Mr. Obama.
Translation: Una panoonah banka Diversity is the key to economic and political evolution.
Why doesn't Mr Obama appeal to the law of his nation, the United States, to overrule his economic advisors? Diversity is the key to economic and political evolution.
