CEOs Prepare for ‘Public Anal Exam’


Tomorrow, a number of Wall Street’s top CEOs will head down to Washington and testify in front of Barney Frank’s Financial Services Committee about the cause of the recession. They’re not looking forward to it. Per Charlie Gasparino’s column on the Daily Beast: “Back in New York — where Citigroup CEO Vikram Pandit, Morgan Stanley CEO John Mack, Lloyd Blankfein of Goldman Sachs, and JP Morgan’s Jamie Dimon all work — the hearings have been described much differently. ‘This is a lynching,’ said a publicist for one of the big Wall Street firms, who’s dreading this appearance. Another flack called the hearing ‘theater of the absurd.’ A third called it ‘an inquisition.’ And still another called it a ‘public anal exam.’” [Daily Beast]