Tomorrow, CEOs of the nation’s largest banks — headlined by JPMorgan CEO Jamie Dimon — testify before the House Committee on Financial Services. That committee’s star member is Alexandria Ocasio-Cortez.
We may just find out this Wednesday when CEOs of the nation’s largest banks CEOs — headlined by the JPMorgan CEO — testify before the House Committee on Financial Services. That committee’s star member is Ocasio-Cortez, the 29-year-old Democratic Socialist known as AOC.
Let me now introduce the participants: Besides the aforementioned Dimon, we have a murderers row of bankers including Michael Corbat, CEO of Citigroup, James Gorman, CEO of Morgan Stanley, Brian Moynihan, CEO of Bank of America, Ronald P. O’Hanley, CEO of State Street, Charles Scharf, CEO of Bank of New York Mellon, and last but not least, David M. Solomon, CEO of Goldman Sachs.
So here’s another dynamic: White male CEOs versus diverse female lawmakers. No doubt the CEOs will be on the defensive. It would behoove them to stay calm and acknowledge they made mistakes, which they may be loath to do. Note that just last month Tim Sloan, then CEO of Wells Fargo, was grilled by the same committee.
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