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Obama Attacks 'Fat Cat Bankers'

Harsh Words

To meet with them on Monday.

Maybe he should bring Bo? In an interview with 60 Minutes on Sunday night, President Obama attacked “fat cat bankers,” saying "I did not run for office to be helping out a bunch of fat cat bankers on Wall Street.” He went on to attack the banks for lobbying against financial-regulatory reform and said that he and Larry Summers would have a “serious talk” with the banks on Monday. But Politico reports that Obama will take a “measured tone with the bankers, telling them he wants to have a candid and constructive conversation and doesn’t want to vilify anyone.” Obama will pressure the banks to increase lending, and the banks, Politico says, plan to tell Obama that they’re willing to “step up.”

Read it at Reuters

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