Well, okay, it wasn’t exactly a layoff in the strictness sense of the word, more like an entirely voluntary resignation by Rick Perry’s son from his job at Deutsche Bank so he could go campaign with dad, but Momma Perry interpreted that as Griffin Perry ‘losing’ his job thanks to that damn Obama guy [shakes fist] so just go with it. Same diff/no diff. Continue reading »
Obama
If you know anyone who’s interested. Continue reading »
Since Bank of America announced it’s intent to charge $5 fees on debit cards holder choosing to use their debt card in any given month, the Charlottte-based bank has been on the receiving end of a whole lot of shit. Obama tut tutted the move, Dick Durbin told customers to “get the heck out of that bank,” and a purse-wielding Fox Business anchor vowed to “show Bank of America just what I think of their fees.” For a while, Brian Moynihan held his tongue, refusing to respond to the haters. Today, his spirits diminished but not yet broken, he found his voice. Standing up for himself, for his employees and for his teammates on the company softball team, Moynihan let the world know that BAC is a person, BAC has feelings, BAC has a right to express itself, BAC can make its own decisions and BAC doesn’t have to answer to you or to anyone! Continue reading »
[via WT]
The White House Doesn’t Care That Tim Geithner Has A Family And A Mortgage In Larchmont, New York
By Bess Levin
At the end of June, Tim Geithner said that he was considering leaving his post at the Treasury after the debt deal past, telling friends that he’s tired, needs a break, and wants to put family first (his wife and son are living in Westchester again so that young Geithner can finish high school there). TG’s work pals were a bit too busy to say anything at the time, but now that the whole debt situation is behind us, they’ve begun to let him know he’s not going anywhere.
Obama, for one, doesn’t want to lose his office buddy, while White House Chief of Staff Bill Daley doesn’t want to deal with a confirmation battle that would take place should Geithner need to be replaced, which is why he “jokingly” tells Tim to fuck off and gestures towards his crotch when the topic of resignation comes up. Continue reading »
Ken Langone popped by CNBC earlier this morning to guest host Squawk Box with Becky, Joe and Andrew Ross Sorkin. Is he worried about the debt ceiling? No. “It’s a done deal,” Langone told the gang. “They don’t know it yet, but it’s taken care of.” There is something Ken is losing sleep over, however, and it’s the fact that President Obama doesn’t always wear a jacket in the Oval Office. Continue reading »
Been dying for Donald Trump’s take on the debt ceiling talks? Today’s your lucky day! The Don recently set up a camcorder in his office and laid out his fool-proof plan, which he strongly suggests Republicans take to heart. Continue reading »
Corzine…has attended secret meetings with the president and has been working on Obama’s 2012 campaign for months, The Post has learned. And, like any good executive, Corzine is looking out for his own bottom line. Success could resuscitate his political career with a top post — such as treasury secretary or a key ambassadorship — if there is a second Obama term. Obama campaigned heavily for Corzine in his failed re-election bid, calling him “our Wall Street guy.” [NYP via BI]
Obama Wants Hedge Fund Managers And ‘Corporate Jet Owners’ To Do Their Part To Help Bring Down The Deficit
By Bess LevinTax breaks for the wealthy, corporate jet owners, hedge fund managers and oil and gas companies should be scrapped to help reduce the deficit, President Barack Obama said Wednesday. Republicans are insisting that tax increases stay off the table in ongoing talks to get a deal to raise the debt ceiling. But at a news conference Obama said revenue has to be in the mix. [MarketWatch]
Last Thursday evening, President Obama held a fundraiser at Daniel as part of his reelection campaign. There was Vodka Beet-Cured Hamachi with Horseradish Cream. There was Zucchini Pomponette with Fontina and Tomato Confit. There was Vanilla-Raspberry Gelée. But there was no Lloyd Blankfein and there was no Jamie Dimon, and there was no Dick Parsons. Some people interpreted the lack of JD and LB and other banking chiefs as indication that Wall Street is done with Barack Obama. Sure, he still has some big names backing him (like Daniel attendees Marc Lasry, Robert Wolf and Mark Gallogly) but the absence of Lloyd and Jamie, who, ironically, Obama was once so close with that his pet name for was “zucchini pompette,” seemed to suggest a broader trend and evidence that the rumors Wall Street had “abandoned” Mr. President were true. And while some big names, like Dan Loeb and Steve Cohen, who previously backed Obama in ’08 have made no secret about dropping him (and over the weekend likely inspired others to join them), others apparently continue to support BO. They just don’t want anyone to know about it.
Behind the scenes, it seems that many bankers are not running away from the president as quickly as some might suspect. While many of the biggest name financiers feel that they can’t publicly support Mr. Obama through campaign contributions the way they did in 2008 — “it would be bad for business,” one brand-name chief executive of a major bank acknowledged — some still plan to vote for him.
Which normally would’ve stung but this time around is all well and good with the President and his team, ’cause it goes the same way. They don’t want anyone to know about Obama’s relationship with Lloyd, Jamie, et al either. They don’t even want to risk Obama being tagged in a picture with LB, for fear of the message it might send. Continue reading »
