Bank CEOs Pledge to Push for Re-Regulation – WSJ.com

Chief executives of the largest U.S. banks acknowledged Monday the “disconnect” between their expressed support for re-regulating financial markets and the work of their lobbyists to weaken any new rules.

The executives pledged during a White House meeting with President Barack Obama that they would personally intervene on behalf of the legislation.

On CBS’s “60 Minutes,” President Obama decries “fat cat bankers” ahead of Monday evening’s meeting between White House officials and banking representatives. Video courtesy of Fox News.

Some of the CEOs said their lobbyists had taken stronger stands than they would have wanted, an assertion met with raised eyebrows on Capitol Hill. House Financial Services Committee Chairman Barney Frank (D, Mass.), chief architect of financial-overhaul legislation in that chamber, said in an interview he was “highly skeptical.”

via Bank CEOs Pledge to Push for Re-Regulation – WSJ.com.

via Bank CEOs Pledge to Push for Re-Regulation – WSJ.com.

Advertisements

One response to “Bank CEOs Pledge to Push for Re-Regulation – WSJ.com

  1. Obama’s meeting and “scolding” of the bankers…just political theatre to assuage or placate us. In the meantime, the banks are coming back stronger…more of a threat…
    See: http://euandus3.wordpress.com/2009/12/15/obamas-meeting-with-the-top-bankers-show-whos-on-top-again/

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s