Wednesday, October 2, 2013

Wall Street bosses come to White House to fight shutdown

US President Barack Obama speaks alongside people who will benefit from health insurance plans under the Affordable Care Act, as well speaks about the government shutdown in the Rose Garden of the White House in Washington, DC, October 1, 2013. AFP PHOTO / Saul LOEBSAUL LOEB/AFP/Getty Images

SAUL LOEB/AFP/Getty Images



President Obama met the heads of Goldman Sachs, JPMorgan Chase and Bank of America to enlist their help in breaking the legislative impasse.




WASHINGTON — When the lords of Wall Street came to the White House on Wednesday, they faced an uncommon political reality.


The fat cats have little juice with the Tea Party.


The heads of Goldman Sachs, JPMorgan Chase and Bank of America were among the pinstriped all-stars who met with President Obama. The mutual aim was clear.


RELATED: SHUTDOWN IMPASSED CONTINUES EVEN AFTER WHITE HOUSE MEET


The lords want to make crystal-clear that the shutdown and potential default are disastrous and put the economic recovery at risk.


Obama wants them to help break the legislative impasse by simply reiterating that message.


Goldman Sachs chief Lloyd Blankfein said the group is “apolitical.” The problem is that while the GOP has long been in Wall Street’s corner, many Tea Partyers were elected while railing against the finance titans.





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