Thursday, May 13, 2010

Obama Cooperative Banker

There's at least one banker working with the Obama administration on Wall Street reforms, Brian Moynihan, ceo of Bank of America:
Moynihan, in an April 30 interview with Fox Business Network, said there is a “tough” tone in Washington, though Obama had done “a great job” and is “working hard to try to figure out a solution.”
That praise stands in contrast with comments by JPMorgan Chase & Co.’s CEO, Jamie Dimon. He has visited the White House at least four times in the past seven months, records show, and was largely supportive of the administration’s efforts to rescue the economy last year. As the regulatory overhaul was introduced, he took a more combative stance. BW