If you?re a regular Meck Deck reader, you?re probably not surprised to read this article in the latest Bloomberg Business Week. In the print version, the magazine features the headline ?For the White House, A New Banker Buddy?:
The Obama administration has found a banker it can do business with: Bank of America Corp.?s Brian Moynihan.
While many U.S. banks? chief executive officers publicly oppose at least some elements of President Barack Obama?s plan for financial regulation, Moynihan, 50, is winning White House praise for his stance. He backs a consumer financial protection agency, addresses shortcomings the administration finds with his bank?s home-loan modification program, and pursues small- business initiatives in collaboration with the White House, Bloomberg Businessweek reports in its May 17 issue.
?He has been willing to speak out bravely in his industry on the need for reform measures,? says Valerie Jarrett, Obama?s liaison to corporate America who has met with Moynihan at the White House several times. ?And he has been willing to come to Washington and roll up his sleeves and work on the issue.?
