December 14, 2009
Posted: 04:10 PM ET
Note: Donald Trump joins Larry tonight. What does The Donald think of the President slamming "fat cat bankers"?
President Barack Obama’s plan to talk tough to bankers in a meeting at the White House Monday morning lost some of its punch when the executives at several top financial institutions could not make the sit-down due to bad weather.
Goldman Sachs CEO Lloyd Blankfein, Morgan Stanley CEO John Mack and Citigroup Chairman Richard Parsons were all stuck on the tarmac this morning as their airplanes waited out fog delays, an industry source said.
The executives were not in the room for Obama’s 11:10 a.m. meeting, but the White House said they would be piped in via conference call. Obama kicked off his meeting with the rest of the CEOs by telling them: "I appreciate you guys coming in." With JP Morgan Chase CEO Jamie Dimon and White House Senior Adviser Valerie Jarrett visible on camera, Obama spoke by speakerphone with Citigroup Chairman Richard Parsons.
"Dick, I had a good time at the Christmas celebration with your successor at Time Warner," Obama said, referring to Sunday night's "Christmas in Washington" event, where Time Warner CEO Jeff Bewkes was in attendance.
Ironically, Blankfein, Mack and Parsons’ decision to fly commercial, a move that would shield them from potential criticism that they are out of touch with the economic hardship experienced by average Americans, was the reason they couldn’t make the meeting. Dimon, for instance, flew by private jet and was expected to be there on time.
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