All these big bank CEOs walked out of Barack Obama’s office on Friday talking about how THEY support HIM.
“We’re just in this together,” said Bank of America Corp. CEO Ken Lewis.
“No one in that room gave any indication at all that they were anything other than enthusiastic about supporting the president and this program,” said Freddie Mac CEO John Koskinen.
Sounds so magnanimous and even patriotic. But, at this point in the banking crisis, isn’t it the President who is supporting them?
Also attending, according to a White House press release, were: Jamie Dimon, JP Morgan Chase; Ken Chenault, American Express; Ronald Logue, State Street; Robert Kelly, BONY-Mellon; Rick Waddell, Northern Trust; James Rohr, PNC; Lloyd Blankfein, Goldman Sachs; John Mack, Morgan Stanley; Vikram Pandit, Citigroup; John Stumpf, Wells Fargo; Cam Fine, Independent Community Bankers; Edward Yingling, ABA; Richard Davis, US Bank’ and Ken Lewis, Bank of America.
Can you imagine all these corporate welfare recipients standing together in one big, White House soup line?
And then after slurping free soup and they tell the cook he’s lucky to have their support.
(PHOTO: Ken Lewis, from Bank of America’s website.)