Obama Seeks JPMorgan, Goldman, Citigroup Support on Bank Plan
March 28, 2009
Bloomberg
3/27/2009
3/27/2009
Chief executive officers from some of the nation’s largest banks told President Barack Obama that they will work with him to revive the U.S. economy and agreed that financial-market regulations need an overhaul.
“We’re all in this together,” John Stumpf, the CEO of Wells Fargo & Co., told reporters outside the White House after meeting with Obama today. “We’re trying to do the right thing for America.”
Obama is seeking support for his plan to stabilize the financial system and move beyond the furor over bailouts and bonuses. Along with Stumpf, the CEOs he met with included Jamie Dimon of JPMorgan Chase & Co., John Mack of Morgan Stanley, Vikram Pandit of Citigroup Inc. and Lloyd Blankfein of Goldman Sachs Group Inc.
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Harold
