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White House PR Official on Why Some Banks Weren’t Invited to Financial Regulation Bill Signing

Barack Obama signed a massive financial reform bill yesterday. However, the CEOs of two Wall Street behemoth’s — Goldman Sachs and JPMorgan — were not there. Why?

Jen Psaki, deputy communications director at the White House gave a very clear reason to the Washington Post:

If you were part of an effort to spend millions of dollars opposing the legislation, you were unwelcome at the celebration.

Very clear, indeed. [h/t New York]

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