After a meeting between the President Barack Obama and a group of financial-industry executives:
Goldman CEO Lloyd Blankfein said: "Leaders of Pairlament should know that there is a consensus among the financial-industry executives , that we shouldn't do anything that hurts this recovery.
They shouldn't use the threat of causing U.S. to fail on its obligations to repay its debt as a blackmail".
Goldman CEO Lloyd Blankfein said: "Leaders of Pairlament should know that there is a consensus among the financial-industry executives , that we shouldn't do anything that hurts this recovery.
They shouldn't use the threat of causing U.S. to fail on its obligations to repay its debt as a blackmail".
The meeting, set up by the Financial Services Forum, a Washington-based trade group representing CEOs for the largest Wall Street banks, was part of an effort by the Obama administration to leverage the business community’s clout in breaking the stalemate. Administration officials said pressure from the business community was effective in past fiscal fights.
“The financial community is in an excellent position to educate the public about the consequences to every-day folks in the event we default,” said Valerie Jarrett, a senior adviser to the president.
Source: Bloomberg
