Pres. Obama Gets Tough With “Fat Cats”

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Posted on Monday, December 14th, 2009 at 11:47 pm

ABC News has more details from Obama’s meeting with top banking executives on Monday — according to their White House source, the President told the bankers that they were like “overpaid pitchers on a team doing poorly.” The subject was executive compensation. “The concern is less when your team is successful,” Obama added, “but you guys didn’t win the World Series this year.”

Those aren’t the only harsh words Obama has had for bankers recently. In his 60 Minutes interview which aired last Sunday, the President called them “fat cats,” as in: “I did not run for office to be helping out a bunch of fat cat bankers on Wall Street.”