Bankers need to put their money to work, President Obama says. On Sunday, he said that the “fat cat bankers,” a safe expression to use when appealing to Middle America, “still don’t get it.” So, he’s pushing them to make more loans and accept the fact that regulation is coming.
Over at day job, I heard from a colleague that Washington Mutual, which had just been picked up fire sale-style by JP Morgan Chase, had done little more than slap a new logo over an old one. And, they did. The effort is truly low-rent, but I guess it gets the point across.
They took the picture off the website today, which is a fucking shame. Yesterday, the new JPMC message was pasted on top of a picture in which one kid was covering the other’s eyes.
Yeah, see no evil …