Bank Bailout News: CNBC's Erin Burnett Interviews Bank CEOs Vikram Pandit, John Mack, Lloyd Blankfein, Jamie Dimon and Ken Lewis (Broadcast March 27)

(I apologize for the lack of posting yesterday and today as I'm feeling a bit under the weather.)

From CNBC:

Top US bankers met with President Obama on Friday and expressed support for his plan to rid financial institutions of bad debt. But in separate interviews with CNBC, the CEOs indicated that the industry's problems are far from over.

Citigroup CEO Vikram Pandit discusses the bankster meeting with President Obama (1:32).

Bank of America CEO Ken Lewis discusses the TARP and the meeting with President Obama (2:38).

Jamie Dimon, CEO of J.P.Morgan, sits down for an exclusive interview with CNBC's Erin Burnett. Dimon discusses the meeting he and other bank CEOs had with President Obama (7:08).

Goldman Sachs CEO Lloyd Blankfein and Morgan Stanley CEO John Mack say they are on the same page with President Obama and will succeed if the economy succeeds (8:24).

Comments

[DailyBail]

Photos from today.

http://www.zimbio.com/pictures/PFK_3GKtWNb/Obama+Meets+Heads+Major+Banks+White+House/t8YDmC6wqTq

[James H]

Did you hear that? "We're all in this together." We want to do "what's best for the country." And "No, we're not giving back the TARP money."

What a fucking snowjob. Tell me, Mr. Obama, what did the taxpayer get out of this meeting? Nothing but a fucking talking point: "We're all in this together." (And keep the checks coming, America, we're gonnna need them.)

Of course, you just KNOW that when/if they give the TARP money back, it will only be after G-man's little PPIP has gone through round two or three and several more trillion dollars have been used to take crap assets....ahem, excuse me, that's "legacy" assets.... off the balance sheets.

[James H]

Oh, I just love this one: "You really can't distinguish Main Street and Wall Street," sayeth the man from Goldman Sachs. Really, Mssrs. Blankfein and Obama? I've got three words for you on this one, boys: YES WE CAN.

I don't know about the rest of you, but I've been sharpening the tines on my pitchfork since last September. Believe you me, they're sharp by now. Real sharp.

[Short Seller]

This group of CEOs should be doing perp walks in front of juries. How is it that they robbed their shareholders yet are still employed.

Their corporate boards are negligent.

[Short Seller]

Vikram Pundit is a CROOK!! So is Bob Rubin and Paulson. Paulson deserves much more blame than he has received so far.

[James H]

Check out this interview on The Young Turks with James Galbraith. Not only do we have two left/liberal voices talking about how the bailouts are unnecessary, but we also find those same two voices questioning the motives of Obama and the Obama regime. This is a hopeful sign, I think. (But I'll still be keeping the tines on my pitchfork sharp. Yep. Real sharp.)


http://www.youtube.com/watch?v=YLn2ghl92Gk

[James H]

Now here's a man who knows how to keep his pitchfork sharp:

http://www.youtube.com/watch?v=DRper3L6xN8

He's advocating that people take their money out of C, BAC, WFC, et al. And, if you have any bills from these guys that you just don't feel like paying, why send them on to your local branch of the Federal Reserve or to the US Treasury. (All addresses are made available.)

Man, that's SHARP. Exceedingly sharp.

[Genevieve]

Thanks for the Galbraith interview link. I honestly don't think many banks will be selling through Geithner's plan. It is destined to be another failure like all those before it.

[James H]

Just in case you missed it, welfare queen Jamie Dimon says we should "teach the American people" not to walk away from underwater mortgages. "[Y]ou're supposed to meet your obligations, not run from them," quoth the good banker from JP Morgan.

http://www.huffingtonpost.com/2009/02/19/bailed-out-chase-ceo-dimo_n_168121.html

Well, Mr. Dimon, I'll see your underwater mortgages and raise you 4 tines of my pitchfork.
(Que Kenny Rogers in background: "You gotta know when to hold 'em, Know when to fold 'em, Know when to WALK AWAY, And know when to RUN...")

[DailyBail]

@James

Good stuff. Keep bringing the links.