Erin Burnett: Bank CEOs Interviewed Following Obama Meeting (VIDEO)

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Erin Burnett of CNBC sat down with several bank CEOs following their luncheon with President Obama on Friday.

The interviews were with Ken Lewis of Bank of America, Lloyd Blankfein of Goldman Sachs, John Mack of Morgan Stanley and Jamie Dimon of JP Morgan Chase.

According to Bloomberg, the luncheon involved discussions of toxic assets, the housing crisis, and executive compensation:

The meeting began with a discussion about the need to deal with toxic assets and increase bank lending, then moved onto Obama's plan to resolve the housing crisis, and his proposals for revamping regulations and executive compensation, White House Press Secretary Robert Gibbs said.

"They agreed on the need to update the framework of regulation," Gibbs told reporters. Obama also emphasized the importance of "recognizing what the American public is going through in this economic crisis," he said.