December 14, 2009

Top 'fat cats' miss Obama meeting

Posted: 04:10 PM ET

Note: Donald Trump joins Larry tonight. What does The Donald think of the President slamming "fat cat bankers"?

By Eamon Javers and Carol E. Lee via Politico

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.


Filed under: Economy • Larry King Live • Obama • Politics

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ckelly   December 14th, 2009 5:21 pm ET

Off with their heads-or at least their greedy hands!

A. Smith, Oregon   December 14th, 2009 8:09 pm ET

These same 'fat cats' made hundreds of Billions of dollars from the TARP funds the Republican lawmakers gave them, I'm certain they'll line up for more free tax dollars to line their greasy palms.

The loser of course is the American people, many of them unemployed, and quite a few have been added to the ranks of the homeless.

Yotham Mwale   December 15th, 2009 8:27 am ET

I think Tiger woods should have given his fans a definate return date to Golf. Whilst i sympethise with his present situation, i think the other spondors such as Nike, who have stuck with him for now, may terminate his endorsement deals as the ad campaigns are based on tiger using nike's sports accessories and equipment on the course.

Mark My Words   December 16th, 2009 2:12 am ET

Don't be fooled. Politicians (Obama) are just like the BIg Power bankers.

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