Executives from the nation’s largest banks pledged their cooperation and commitment to President Obama and his administration in order to begin the recovery process.
On Friday, the president met with a number of top bankers seeking their support for his plan to overhaul and stabilize the financial system.
Earlier this week the administration unveiled its Public Private Investment Program to provide financing to help banks wipe roughly $1 trillion of toxic assets off their respective balance sheets.
Attendees at the meeting included John Mack of Morgan Stanley, Lloyd Blankfein of Goldman Sachs, John Stumpf of Wells Fargo, Robert Kelly of Bank of New York-Mellon, and Jamie Dimon of JPMorgan Chase.
Mack of Morgan Stanley said the meeting was “all about getting the economy going again.”
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