Posted on 12/15/2009 5:07:21 AM PST by IrishMike
President Obama didn’t exactly look thrilled as he stared at the Polycom speakerphone in front of him. “Well, I appreciate you guys calling in,” he began the meeting at the White House with Wall Street’s top brass on Monday.
He was, of course, referring to the three conspicuously absent attendees who were being piped in by telephone: Lloyd C. Blankfein, the chief executive of Goldman Sachs; John J. Mack, chairman of Morgan Stanley; and Richard D. Parsons, chairman of Citigroup.
Their excuse? “Inclement weather,” according to the White House...
That awkward moment on speakerphone in the White House, for better or worse, spoke volumes about how the balance of power between Wall Street and Washington has shifted again, back in Wall Street’s favor.
(Excerpt) Read more at businessinsider.com ...
Good. The great zero needs to realize that he works for us, not the other way around.
Maybe the big boys are tired of playing with Junior.
Hey Mr. Prez....This is fat cat calling....
Didn’t Larry Sinclair also blow off Obama as well?
After about 30 seconds of Zero’s zeroing, the three call-ins should have, inexplicably, “lost” their phone connection and then, just as inexplicably, “found themselves” unable to reestablish it. Busy shoveling snow, perhaps.
Or were they shoveling something else?
After being called to the woodshed last year, forced to submit to an attempted geither-bamster buyout/takeover, and now being publicly pilloried for the problems caused by Congressional looting of the banking system - and billed for lunch at the WH to boot!
the bigs paid off their TARP loans and showed ZERo he could “shove it” when it comes to dictating to them how to run their banks
It is interesting Geldman Sucks blew off a meeting with bam
Verrry interesting
They have taken his measure and found him to be a paper tiger.
Ha ha HA!
I hope we see MORE of this!
Folks need to realize he IS NOT GOD and need to stop treating him as such.
It was a wise decision on their part. Had they flown in on their Private Jets , Obama would have made that public and chastised them for it.
They saved a lot of Carbon by using the phone.
Other than that lets look at this view. If a man is going to stab you in the back why is it considered polite to make it easy for him?
I would pay big dollars for the BOA CEO to stand up, grab his crotch (on camera of course) and say “Mr. President, lend this.” It’s the only way to put a guy like Obama in his place, and it would really crack the gossamer sphere of undeserved respect this clown seems to think he deserves.
Ah....
I wouldn’t chuckle to heartily at this escapade.
There is a reason behind the push of HR 4173, http://www.occ.treas.gov/ftp/release/2009-90.htm
Read this article about how surprised the CEO’s were that Obama wasn’t upset with them at all.
http://www.nypost.com/p/news/opinion/opedcolumnists/the_two_faces_of_oTswtJpCjQusQCFCMdiluJ/1
Where would we be today if they had walked out of that meeting a year ago and charged those conducting the meeting with kidnapping?
I vaguely remember that, but didn't keep a link. Do you by chance have one handy?
I used to be chief pilot for a medium sized company and I can remember being told the weather is just too bad today...I'll conference call that son of a gun.
Yesterday was a classic corporate blow off.
“Inclement weather,” sir, is just the Wall-Street vernacular for “Eff you.”
They paid off the TARP so I guess they don't want to be owned by the government.
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