Wall Street Fumes At White House Fin Reg Rebuke

(By John Carney, CNBC.com) - The White House’s decision not to invite the chief executives of JP Morgan Chase and Goldman Sachs to today’s ceremonial signing of the financial overhaul legislation has many on Wall Street fuming.

JP Morgan CEO Jamie Dimon and Goldman Sachs chief Lloyd Blankfein were both left off the invitation list for the signing of the Dodd-Frank financial reform bill into law.

Rivals at other major financial firms—including the heads of Citigroup, Bank of America, Barclays, and Morgan Stanley—got invitations.

“Basically, the White House made the decision to invite only the banks that were most sycophantic in the run-up to the passage of Dodd-Frank,” one senior Wall Street executive said.