Word: banking
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...expect a healthy dose of political posturing before, during and after the President's meeting with top bankers Monday. "It's a p.r. stunt," says an executive at one of the banks that will be getting a dressing-down at the White House meeting. Executives from Goldman Sachs, JPMorgan Chase, Bank of America and Wells Fargo are expected to be among those in attendance. (See 25 people to blame for the financial crisis...
...Obama's bank-bashing is about more than politics. The President has real problems only the banks can help him solve. On jobs, housing and the strength of the economy, he needs bankers to change their behavior, and there's only so much he can do to force them. So when he sits down with the financial industry élite on Monday, he may talk tough, but he'll also be asking for their help...
...Obama will also criticize the banks for trying to derail financial-regulation reform, which passed the House last week but faces multiple battles after Christmas in the Senate. And he'll scold them for continuing to distribute high bonuses, especially when they reward excessive risk-taking. The senior bank executive at one of the banks meeting with the President Monday describes the process as a "public spanking" and says other than the public humiliation the Administration has little leverage. (See the top 10 crooked CEOs...
...Having deflected international pressure on the Palestinian front, Netanyahu hopes to focus U.S. attention on dealing with what he believes is the real threat to Israeli security: Iran. He cites Iran's support of Hamas as reason to avoid relinquishing Israeli control over the West Bank, whose hilltops are well within rocket range of Israel's main cities. Israeli officials are hinting that if President Obama doesn't demonstrate rapid progress in his diplomatic efforts to shut down Tehran's nuclear program, he should step aside and let Israel's air force...
...state solution to the conflict with the Palestinians. Frustrations are running high among Palestinians, who have watched two decades of negotiation with the Israelis bring them no closer to statehood. A latticework of Israeli security zones and settlements makes nonsense of the territorial integrity of the West Bank, while a ring of Israeli-controlled space is forming around East Jerusalem, without control of which no Palestinian or Arab leader will be able to accept any peace agreement. Not surprisingly, then, Palestinian moderates like Abbas are on the wane, militants are on the rise, and the whispers already talk...