Earlier this morning, Fortune hosted a breakfast with Vikram Pandit to pick his brain on what’s been a’ poppin’ at Citi and the economy in general. According to Pandit, the Big C will report a profit for the third quarter and he does “not expect the U.S. to go into a recession,” which is all very exciting news. When asked about the individuals occupying Wall Street, he said that their grievances are “completely understandable” and that “trust has been broken between financial institutions and citizens.” And that’s not all.
At the end, he broke through the lip service by adding: “I’d be happy to talk to them anytime they want.”
Sounds like just a bunch of corporate BS from a so-called “fat cat” who can’t relate to what it’s like, right? Wrong! Lest anyone forget, until recently, Pandit was one of them.