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Friday, April 3, 2009
Politico has published exclusive details of the meeting last week between US President Obama and major financial institution CEOs. Despite the cordial public face put on the meeting, the president reportedly made every possible effort to put these former masters of the universe in their place, including providing the CEOs with a single glass of water, no ice, no refills. How's that for perks!
As the bankers offered various justifications for bonus payments and executive compensation, the president reportedly responded, “Be careful how you make those statements, gentlemen. The public isn’t buying that.” He followed by letting them know exactly where they stood in the current crisis,
"My administration is only thing between you and the pitchforks."
And boom goes the dynamite.
Labels: banks, financial crisis, Obama
