What did Gibbs report on President Obama's meeting with

[Fire1]

the bank CEO's? Is there a link?

[Kdillard]

1. Here is an article from the Daily News

http://www.nydailynews.com/news/politics/2009/03/28/2009-03-28_president_obama_emerges_very_pleased_fro.html

Gibbs said later that Obama was "very pleased" with the meeting and hopes to keep the lines of communications open with Wall Street.

"He had no agenda beyond working to get a solution, the right solution for our financial system," Gibbs said.

The meeting came as Obama prepares to leave for the G-20 economic summit in London, where world leaders are expected to discuss how to use financial regulation and fiscal stimulus to revive the global economy.

Others at the meeting included bosses from JPMorgan Chase, American Express, Goldman Sachs, Morgan Stanley, Citigroup and Wells Fargo.





I am not sure what to think about this at the moment. I hope the President means what he says about working to find the correct solution. I am hoping the regulations introduced will strengthen the regulatory system and not further endanger it due to influence by these guys. Or that what is introduced is not a sham. There was a reason for Glass-Seegal and once we weakened it we put our economy at risk. I am hoping Obama has this message loud and clear. I felt Tim Geithner had some interesting things to say during his Senate testimony unfortunately there wasn't much discussion about that from what I could see. I am hoping that the White House and Senate will introduce strong legislation. I was somewhat encouraged by what I heard on CSPAN but I want to hear more before I think we are going in the right direction.