Mobilizing Bankers For Sanity

I guess the good thing about having a Democratic president who is occasionally too friendly to bankers is that he can talk to them about keepiing their Republican friends from doing something incredibly stupid like forcing a debt default (per The
‘s Justin Sink):

Top banking executives emerged from a meeting with President Obama Wednesday warning of the “extremely adverse” consequences of a national default.

Goldman Sachs CEO Lloyd Blankfein said there is broad agreement in the banking industry that the debt ceiling shouldn’t be used as a “cudgel” in policy fights on Capitol Hill.

“We’d like to see the fight not be on this ground,” Blankfein said after the hour-long meeting between Obama and members of the Financial Services Forum.

So can we count on these birds to make some noise in favor of the president’s refusal to negotiate over a debt limit bill?

Asked if they planned to take their message to Republicans on Capitol Hill, the banking executives said they did not want to make the debt ceiling a partisan issue.

But they also said they would also be discussing their concerns with GOP leaders.

Don’t want to make this a “partisan issue?” It’s a little late for that.

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Ed Kilgore

Ed Kilgore, a Monthly contributing editor, is a columnist for the Daily Intelligencer, New York magazine’s politics blog, and the managing editor for the Democratic Strategist.