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American Prospects

Wall Street's Grand Bargain

April 12, 2013

Three developments in finance cropped up in the last days that must be read as a single story.

First, Blankfein, Dimon and the rest of the Wall Street bigwigs visited the White House to meet with the President and his team. That team consisted of Denis McDonough (Chief of Staff); Valerie Jarrett (Senior Adviser); Cecilia Munoz (Domestic Policy Adviser); Gene Sperling (National Economic Council Director); and Alan Krueger, (Chairman, Council of Economic Advisers). The meeting was secret, but we can deduce much from its attendance.

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