Tuesday, October 9, 2012
Getting Real: How You Know Wall Street CEOs Are Dead Serious About Avoiding The Fiscal Cliff
The hour when the U.S. tips over the fiscal cliff is getting closer. Meanwhile, politicians are focused on election day. Wall Street was worried, now it's terrified.
According to Politico, Wall Street CEOs have turned their fear into action. JP Morgan CEO Jamie Dimon, Goldman Sachs CEO Lloyd Blankfein and more have signed on to a multi-million dollar ad campaign to build public support for a budget deal and force Congress to enact something balanced — one that looks something like the Bowles-Simpson compromise.
In short: The CEOs want legislators to stop kicking the can down the road...
Read more: http://www.businessinsider.com/wall-street-ceos-try-to-avoid-fiscal-cliff-2012-10
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