As you’re aware, having seen the promos for the last week, CNBC will air “Meeting of the Minds” tonight at 9PM, a previously taped roundtable interview with Maria Bartiromo, Jack Welch, Larry Fink, Mohamed El Elarian, Vikram Pandit, Cliff Asness and others. Many, many topics were covered (life, love, the art of making the perfect bacon, egg and cheese sandwich), including the anger and confusion the big brains at the table are currently feeling, and what they want/need moving forward. Sayeth Cliff:
You talk about trust I want to see someone in government someone who was telling us Freddie and Fannie were fine three weeks before they were incredibly not fine ever say anything sounding like a mea culpa. Jack called it a hair shirt, we’re all…I apologized to my clients we are all walking around apologizing.
If he can do it, so can you, government hacks! Waiting. Just waiting. (In lieu of an apology, he’ll take Barney Frank wearing a hair shirt.)
And here’s Vikula on compensation, which I guess everyone at Citi should take careful note of:
I hear the president talking what America’s feeling. They’re feeling exactly what Mark said, a lot of things went wrong, a lot of people are involved, but the bankers and the banking systems was at the heart of this and there has to be some retribution and by the way there is a strong sense of belief that we didn’t have the guardrails to control capitalism, therefore we didn’t have the right governments and compensation was a big part of having the right governments in place. And if you want to shift to the right kind of compensation governance, the right kind of incentives, such as what Jack designed at GE. Sometimes you need shock therapy.
Cliffy, STFU.
Shhh I want to hear Vikram’s recipe making the perfect bacon, egg and cheese sandwich hinduuuu
Vikram Pandit, Power Top!
I am pretty sure Vikram is the Oompa Loompa from the Charlie and the Chocolate Factory movie
Can people please stop sucking the dick of that wrinkly 90s relic Jack Welch? That man is *so* over.
@5- hmmm, I wonder why producers at GE-owned CNBC kiss Jack Welch’s ass. Think, Guest, think!
Porter Stansberry once punched his Asness in the face just because.
-@2
Bacon pigs. Hindus have issues with eating Beef as they hold cows sacred. Muslims and Jews have an issue with eating Pigs. If Vikula was Jewish or Muslim, your comment would have been mildly apt, though equally lame. But, its obvious, you have not been paying attention.
I didn’t ask why, @6/guest, I asked them to stop. I have a weak stomach, that’s all.
Is cliffy going to peddle his mutual funds on CNBC again?
I will personally apologize on behalf of the government to CLiffy if he’ll tell us what his YTD performance and AUM are.
I strongly suspect a typo in the above transcription – I’ll bet a dollar Vicky said “governance” not “governments”
He wanted to say “waterboarding” instead of “shock therapy”, but he was afraid he’d be disowned by Nancy Pelosi.
Whose tits are bigger: Quick or Cohen (i know hes not on the program, but i was just thinking about it)