The Washington Post reports that President Barack Obama had a sit down and a chin wag, with America’s top banking CEOs. The roll call of America’s banking CEO’s included the heads of Bank of America, Citigroup and J.P. Morgan Chase,
In an effort to give top banks some guidance into what acceptable culture of banks should be through a recession, here’s what the new President had to say:
- Lend more, spend less
- Excess is out of fashion
Word!
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