Monday, December 14, 2009

Obama: 'Fat-cat' bankers owe help to U.S. taxpayers (BAC; C; GS; JPM; WFC)

From USAToday:
President Obama, already at odds with bankers over big bonuses and new regulations, plans to urge executives at a White House meeting today to provide more loans to small-business owners.

Top White House economic adviser Lawrence Summers said Sunday that Obama will remind the bankers of the taxpayer help they received during last year's financial crisis.

"We were there for them," Summers said on ABCsThis Week With George Stephanopoulos. "And the banks need to do everything they can to be sure they're there for customers across this country."

During a taped interview broadcast Sunday night on CBS' 60 Minutes, Obama blasted banking executives for opposing tighter regulations on Wall Street and for awarding themselves multimillion-dollar bonuses after they had repaid federal bailout money.

"I did not run for office to be helping out a bunch of, you know, fat-cat bankers on Wall Street," Obama said....MORE

From our Oct. 4, 2008 post:

Save the Bankers

Citi Slicker

Fat Cat

Save Me! I'm a BSD Dammit!

fat cat

Country (wide) Cousin (It's BAC!)

Fat cat!