US Bank President: “Get Over It!”
The economic environment has seemed pretty unfair in the last few years. The rich keep getting richer while everyone else struggles to find jobs, pay their bills and keep their homes. Companies are cutting benefits, health care and food costs are skyrocketing. CEO’s are receiving huge bonuses, even after they nearly failed and had to be bailed out by the government.
And U.S. Bank President Richard Davis has heard all that grumbling before. His answer?
“Get over it!”
Addressing the a Minnesota Chamber of Commerce luncheon, Davis had harsh words for those he believed were whining about financial institutions making out like bandits while workers suffer. Sure, they broke rules, Davis admitted. But who didn’t?
Via City Pages:
The banker began his speech to the assembled fat cats by introducing the Boy Scout motto, “Be Prepared,” and Minnesota’s state motto, “Get prepared.”
That, Davis said on numerous occasions throughout the speech, was the key to making it through this recession. If it’s raining, he counseled, “get an umbrella.”
Davis commented on the economic woes facing the country, saying “fear,” “loss of faith,” and “uncertainty” were damaging American business. Davis called these feelings “really lame reasons to not get up in the morning.”
“Everybody’s breaking the rules, blah blah blah,” Davis said at one point, admonishing the assembled business leaders to “get over it.”
With banks making money when they sold bad mortgage-backed securities, then getting government bail outs, and now refusing to allow families a chance to recover from the housing crash, are you ready to just “get over it?”
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