Hear this:
“Don’t give up on us… give us a chance to execute.“: Vikram Pandit, Citigroup.
“We’re Americans first and bankers second.“: John Stumpf, Wells Fargo & Co.
“I feel more like corporal of the universe, not captain of the universe at this moment.“: Ken Lewis, Bank of America.
“As an industry, we clearly made mistakes… I am especially sorry for what has happened to shareholders. “: John Mack, Morgan Stanley.
” We’re sorry that our supervision didn’t achieve all it should have done.“: Hector Sants, Financial Services Authority.
“It is abundantly clear that we are here amidst broad public anger at our industry.” Lloyd Blankfein, Goldman Sachs Group Inc.
Tardy for sure… bereft of pithy?
Once again Vikram Pandit is the CEO of Citi, but at what cost? Three months ago, this was the tune that Pandit was singing. Again, questions arise regarding the wisdom of the Merrill Lynch takeover by Bank of America. Examples of extravagance among bankers seem to be abound even today. Talk of trust, or banking… be they people in high places, or on age-old beliefs, it’s time to revisit these issues and rebuild one’s convictions.
Words-n-Motion 