David Frum: Bank CEOs Still In Denial About Bailout

New Majority:

If the Politico report is to be believed, some of the bank CEOs who met with President Obama last week actually used some of their scarce time to defend -- yes, defend rather than apologize for -- the compensation practices of the banks since they all received TARP funds. After all this time, are these people still in denial to this degree?

Read the whole story: New Majority

Comments

[shamaniceconomist]

04:21 PM on 04/07/2009

Yes, corporate executives are in denial. Republican leaders are in denial too. It could be some kind of a conspiracy.

[devans00]

12:40 AM on 04/07/2009

Come on, David Frum. You are trying to inject sound judgment into a situation that's emotional.

Haven't you read the whiny letter to NYT or blog posts? It's all about how the employees of these institutions were bamboozled by others. Not about how their direct and deliberate actions added to the mess. Poor them.

[USA1776]

06:07 PM on 04/06/2009

Exactly David, you are right on the money !

[Paul]

03:58 PM on 04/06/2009

The problem with the bank CEOs is that they are not trying to build or save their business, they are trying to loot it.

Once you understand that, all of their actions are understandable.

[coastalcarla]

03:36 PM on 04/06/2009

After listening to this spaz on Real Time with Bill Maher last Friday, I can't imagine why anyone would listen to him about anything. Obama's European trip failed because he couldn't get everyone to do everything he wanted? Riiiiiight. It's called compromise, you weenie. Something Republicans can't seem to figure out how to do.

This man's opinion was best summed up by Sam Donaldson when he replied "Horsefeathers!" to his ridiculous claims.

[WmC]

04:02 PM on 04/06/2009

He may be a spaz, carla, but he comes from the more rational end of the Rushpubelickin' spectrum. If you read the article--specifically where Frum tells banksters what they SHOULD have said to Obama--I think you will find little to disagree with.