GOING AFTER THE “FAT CATS” IN PUBLIC, staging a “lovefest” in private. “Maybe Obama’s softened tone was recognition of Wall Street’s election help. Campaign-finance filings show that firms like Goldman — now getting ready to dish out $20 billion in bonuses after nearly imploding last year — favored Obama over John McCain by a fairly wide margin. Nearly all the major Wall Street CEOs — including Dimon, Blankfein and Mack — have told people that they voted for Obama.”

UPDATE: U.S. News: What Obama Tells His Banker Pals.