Park East Capital, US President to outline his plans to US bank Leaders.
Sources close to The U.S President Barack Obama have reportedly informed firms such as Park East Capital that the president will be meeting with at least 10 Chief Executives this week to discuss the future of the banking system.
According to reports by sources close to Park East Capital, some of the banks Chief Executives to attend are expected to be from Citigroup, Goldman Sachs, JP Morgan and Bank of America.
Park East Capital Senior economist apparently commented that Obama will reassure that the regulations he wants to put in place will not stifle their pursuit of growth and innovation. He will outline his belief to how the banking system should move forward. He will explain to the leaders that he wants to have a banking system based on good economic fundamentals.
A White House Spokesman said, resident Obama will ... reiterate his belief that getting the economy back on track will require an understanding that each of us must look beyond our own short-term interests to the wider set of obligations we have to each other in order for America to succeed."
Analysts at Park East Capital are apparently of the opinion that, by getting together with the banks leaders to discuss the future, Obama will help to ensure that everyone is on the same page going forward.
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