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White House and Wall Street Finally Seeing Eye to Eye?
President Barack Obama convened a “who’s who” of executives from the nation’s largest banks Friday to mend fences with Wall Street and drum up support for his plans to stabilize the financial system.
The meeting appeared to clear the air as bankers said afterward they knew their companies are vital to a potential economic recovery and they want to work with the government.
“The basic message is we’re all in this together,” John Stumpf, the Chief Executive Officer of Wells Fargo & Co. (WFC), told reporters outside the White House after meeting with Obama. “We’re trying to do the right thing for America.”
The…
30Mar2009 | Money Morning | 0 comments | Continued
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