Paulson Summons US Banking Heads To Meeting Over Equity Stakes Plan

Treasury Secretary Henry Paulson called the top U.S. banking heads to a meeting today in Washington, people familiar with the matter said.

The afternoon meeting at the Treasury was to be held while most of the banking chiefs are in Washington for meetings of the World Bank and the International Monetary Fund. Expected to attend were banking executives including Ken Lewis, CEO of Bank of America, Jamie Dimon, CEO of J.P. Morgan Chase, Lloyd Blankfein, CEO of Goldman Sachs Group; John Mack, CEO of Morgan Stanley; Vikram Pandit, CEO of Citigroup; and Robert P. Kelly, CEO of Bank of New York Mellon.

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Comments

[JPHR]

Buffet got a better deal

[ScooterLiddy]

Mr Risk himself: http://www.businessweek.com/magazine/content/06_24/b3988001.htm

[PT6]

There seems to nothing in Paulson's new plan to restrict Executive Pay!

I hope he is not trying to bypass Congress and Obama's limitations or he could have some serious problems!

[anastasiabeaverhousen]

Ah. The coven convenes.

Double double, toil and trouble. Fire burn and cauldron bubble.....

[CarmenCameron]

Paulson and pals have been wrong about everything. So they're congregating in 3-D now. So what? Trying to work out a plan among themselves about how they can turn the new form of the bailout plan into a big win for their own pockets STILL?!? Paulson needs to go. NOW. (Along with his GS protege', Cash'n'Carry, too.)

[john53435]

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[john53435]

[john53435]

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[Chavez08]

REVERSE ROBINHOOD - YAAYYYYY!!!!