The once loving and mutually supportive bromance between President Obama and JP Morgan CEO Jamie Dimon has long suffered under the strains of the push for the financial-regulation bill that Obama will sign today, a fact made more evident than ever by the guest list at ceremony:
The outspoken boss of the second-largest U.S. bank was one of the few major bank heads to fail to receive an invitation to the signing of the U.S. financial reform bill, a JPMorgan Chase spokeswoman said on Tuesday …
Dimon once enjoyed a close relationship with U.S. President Barack Obama. But Dimon emerged as a vocal critic of the administration’s efforts to reform the U.S. banking industry, which culminated in the Dodd-Frank bill that passed the Senate last week …
Bank of America Corp CEO Brian Moynihan, Citigroup Inc’s CEO Vikram Pandit, and Morgan Stanley’s James Gorman all received invitations, people familiar with the matter said. Pandit is the only CEO scheduled to go, a person familiar with the matter said.
This snub — not the first one — could be a severe emotional blow to a man whose delicate feelings have already been hurt by the vilification of bankers during financial-crisis fallout. But who knows, maybe there just wasn’t a lot of space there. How many people are going — 15, 20?
Ouch. Poor Jamie better stay away from Facebook for the next couple of days.
JPMorgan’s Dimon not invited to U.S. bill signing [Reuters]
Related: Obama Is From Mars, Wall Street Is From Venus [NYM]
President Obama Has Party, Does Not Invite Former Best Banker
Good King Jamie