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Monday, October 06, 2008

Does it help to be endorsed by a bank CEO?

Hugh McColl Jr., former chairman and CEO of Bank of America, has endorsed Obama.

McColl speaks with some eloquence below. But you have to wonder whether this will help, given the millions of Americans who are angry at banks and bankers just now.

The economic disarray threatening our community and nation poses critical challenges but also presents opportunity. We can observe the presidential candidates in the crucible of crisis.

Only one of them demonstrates the needed intellect, fortitude and temperament. That is why I have decided to publicly support Barack Obama.

What is needed in Washington is sound judgment and exceptional leadership. Through the years that I've been a businessman and before that an officer in the Marine Corps, I saw what qualities make effective leaders. I see them in Obama: a sharp intellect, stiff spine and steady hand.

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