Wednesday, April 10, 2013

Obama to meet with Moynihan, other bank heads

President Barack Obama will meet this week with Bank of America CEO Brian Moynihan and other heads of the world's largest financial institutions, according to Bloomberg News.

The executives will be in Washington, D.C., for the Financial Services Forum's quarterly meeting, according to Bloomberg, which attributes the information to people briefed on the plans.

In addition to Moynihan, the other executives Obama reportedly will be meeting with include Lloyd Blankfein, CEO of The Goldman Sachs Group, and Jamie Dimon, CEO of JPMorgan Chase & Co. 

On its website, the forum calls itself a nonpartisan financial and economic policy organization. It says its purpose is to "pursue policies that encourage savings and investment, promote an open and competitive global marketplace and ensure the opportunity of people everywhere to participate fully and productively in the 21st century global economy."

The forum has 19 members, including Citigroup CEO Michael Corbat and Morgan Stanley CEO James Gorman.

Moynihan is vice chairman of the forum, and Blankfein is chairman. Wells Fargo's CEO, John Stumpf, also sits on the forum, as a member.


jay1937 said...

Don't be fooled, this idiot is only interested in some way to Nationalize the banking industry and any other nationwide business if he has enough time left. He should be recalled for Benghazi, the wiring of McConnel's Office by someone that release the recording of a strategy meeting should Judd run for Congress in Tennessee, almost like the 'Watergate' situation during the Nixon Administration, but on a lower level. Don't let him do it, don't let him talk the bank leaders into lending money to people with bad credit or no credit because it will get us back to where we were when the housing market and prices fell so hard. Also, those that brag about the DOW being high should think that it was at that point in 2008 and should be nearing 30,000 at this time as it's only back to where it was in 2008!

Anonymous said...

@jay1937 What? How? When? What planet are you living on? You can't blame one man for the works of several people and how the heck you know that President Obama wants Nationalize the banking industry? Did you even read the article? Stop with the foolishness cause it only make you look ......well you finish that statement!

jay1937 said...

Just give him time and then you will eat your words!

Anonymous said...

Obama only wants a photo op before he tells us he wants more taxes.

Anonymous said...

I wouldn't trust Barack Obama to oversee a babysitting service, much less the banking industry. He and his Socialist cronies, including the media, will stop at nothing to turn this country into a total Federally-run state. Obamacare, which 65% of the country did not want in the first place, is predictably turning into a travesty of epic proportions, and also preditably, everything Obama said it would be is one more Big Lie. For this clown to have any hand in how banks should be run is laughable. Look at his recent budget proposal for more proof of that. More taxes for his grand scheme of eventually bankrupting this country from the inside out.

Anonymous said...

Doesnt Obama have enough on his plate with chronic unemployment, nuclear arms escalation, and deficit spending??

I guess its easier telling somebody else how to do their job and how much taxes their fair share should be rather than doing his own job.