March 27, 2009 4:04 PM
So…after Pandit and other bank executives blatantly manipulated their stock price by commenting about how they “made money” in January and February, now they start backpeddling. Here’s a sheepish Jamie Dimon of JP Morgan with Erin Burnett (about minute 6:40) on CNBC after the Bank Oligopoly’s meeting with the president to plan future cheer leading activities:
[...] recent boasting by Citi, B of A and JP Morgan that earnings in Jan and Feb were positive and the subsequent backpedaling that occurred regarding March. Euromoney is questioning whether the banks can deliver on these new raised [...]
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