Word: bankes
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After receiving job offers from a host of other banks, but not from Goldman, the senior called recruiters at the bank and asked that they reconsider his application—an effort that eventually landed him a job at the bank...
...works long before Scott Brown rode his truck to victory in Massachusetts, and they reflect fairly modest shifts in the Administration's finance policies. Even the rhetoric is familiar: Obama took periodic swipes at "outrageous" bonuses and "fat-cat bankers" throughout his first year in office. But the latest bank-bashing does indicate a new strategic approach to his second year, inspired by the same public wrath that produced Brown's upset. As the White House shifts its top legislative priority from health care reform to financial reform, it is hoping to avoid the mistakes of the health effort that...
...that the President made his announcement while standing next to the unlikeliest populist advocate for financial reform, 82-year-old former Federal Reserve chairman Paul Volcker, a previously marginalized Obama adviser who had chastised the Administration for making insufficient efforts to limit the size and risk profiles of big banks. The White House is tired of complaints that its economic team - especially Treasury Secretary Timothy Geithner, the former New York Fed president who helped bail out AIG and other failing firms - is too close to Wall Street. Bringing the legendary gray eminence in from the cold - Obama called his plan...
...riskier liabilities of larger financial firms, Geithner hosted a dinner for bankers. A few of them grumbled about Big Government, class warfare and the unfairness of scapegoating financial institutions that already repaid their bailout money while GM and Chrysler keep hemorrhaging taxpayer cash. But one midsize-bank CEO suggested the tax was a reasonable surcharge on too-big-to-fail conglomerates that benefit from an implicit guarantee of federal help in a crisis. "If I fail, the FDIC shuts me down," he said. Then he gestured at a big-bank CEO. "If he fails, the Fed asks...
...Read "Bank CEOs Continue to Fight Financial Reform...