Today, Congress ran the train on some banker dudes. These poor bankers, road weary from their uncomfortable commercial flight seats and standing on the Metro, got dragged out before the House of Representatives (you know, the big one), and it was, to put it bluntly, brutal.
Ball-breaking questions, tirades, polemics, oh, and mucho posturing from Congress. Same shtick , just bloodthirstier now.
Here's how the CEOs did:
JPMorgan Chase's James Dimon: Haircut, meticulous. Well-spoken, but at times he looked a little puffy. God I want that haircut.
Bank of America's Ken Lewis: Kinda frumpy.
Bank of New York Mellon's Robert Kelly: Boring.
State Street's Ronald Logue: Boring.
Morgan Stanley's John Mack: He's OK, but I dunno, seems like a cheap date.
Citigroup's Vikram Pandit: smart guy. His bank is doing the worst of all of 'em, but you'd think from listening to him that he was shittin' in high cotton.
Wells Fargo's John Stumpf: a damned grouch.
Goldman Sach's Lloyd Blankfein: now that guy's a BANKER!
Look, I have nothing but appreciation for what bankers do. I know these guys work all the time and whatnot. and most of the guys that really shoulda had their testicles in the Congressional vice today either left or got bought out (ahem Sandy Weill, John Thain. Ya'll better be thankful it wasn't your nuts stomped by a panel of angry House reps).
But come on guys, you're really gonna let Vikram show you up?
Do better. Prepare. And don't get risky with my money.
How'd the House do? Typical House. "Oh, my constituents are soooooo mad." Just imagine and repeat.
Next: Stimululz
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hey man, nice first post. Those bankers sure made it sound like they've done their best to use the money like they were supposed to. However, $350 bil doesn't just disappear into thin air. Maybe it *didn't* go to executive compensation, maybe it *didn't* go to lavish dividends, but it sure as shit didn't go to consumer mortgages/lending like it was supposed to.
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