What Would You Ask Bank CEOs?by
President Barack Obama meets on Friday with the heads of the country’s largest banks. Chief executives of about a dozen banks, including Bank of America (BAC), JP Morgan Chase (JPM), Goldman Sachs (GS), Morgan Stanley (MS) and Citigroup (C), are expected to visit the White House.
Obama has been taking a lot of questions this week. On Sunday, he was on 60 Minutes. On Tuesday, he had a press conference, and today he took questions submitted over the web.
But what about those bank CEOs? Surely they deserve some public interrogation, too. Bank of America (BAC) chief executive Ken Lewis has taken some questions (as in this L.A. Times interview), and so have a few of the other heavyweights expected tomorrow.
But, what would you ask them? Assuming you could sneak into the Oval Office and ask each of them a direct question, what would it be?
For example, I’d want to know whether they believe the big year-end bonuses on Wall Street encouraged the risk-taking that got us into the crisis. If so, how are they changing compensation policies going forward?
How would you suggest Obama grill the bank chiefs?