WASHINGTON - President Obama plans to meet this week with chief executives of the biggest US banks, stressing a need for shared goals to revive the economy, an administration official said yesterday.
I'm tired of the lying, how about you?
Citigroup Inc., JPMorgan Chase & Co., and Goldman Sachs Group Inc. CEOs are likely to attend, the official said. Executives from Morgan Stanley and PNC Financial Services Group Inc. will be among 12 banks represented at the meeting, according to people familiar with the matter. The Friday meeting was reported yesterday by The Wall Street Journal.
A White House official, speaking on the condition of anonymity, said Obama wants to stress to the executives that everyone in the country must look beyond their short-term interests and focus on the larger goal of reviving the economy and ensuring future prosperity.
Now I'm insulted, too!!! They've already looted us!! This is just fart mist from the master!
Administration officials set up the meeting as Obama pushes a strategy to stabilize the financial system, according to the administration official. The president is making regulatory reform a centerpiece of his economic agenda in an effort to combat the worst financial crisis since the Great Depression and help prevent future crises. Senior economic adviser Lawrence Summers and senior adviser Valerie Jarrett will take part, an administration official said.
Treasury Secretary Timothy Geithner will speak tomorrow at a meeting of executives hosted by the Financial Services Roundtable, a Washington-based trade group that lobbies on behalf of banks, a person familiar with the meeting said.
Related: Trillion Dollar Toxin Brings Wall Street to Life
Yesterday, the president urged Congress to quickly give the Treasury Department expanded powers to seize failing nonbank financial institutions that threaten the economy.
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This guys wants more power than Bush!!!!
Please see: Obama Seeks Seizure Power
