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Just as quixotic populist Matt Taibbi leveled his lance against President Obama's intimate connections with Wall Street, the president is brushing up on his populist lingo. Short-circuiting attacks against his unwillingness to rein in resurgent banks, he trotted out the phrase "fat cats" in an interview with CBS on Sunday. "I did not run for office to be helping out a bunch of fat cat bankers on Wall Street," he said.

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It matters in this debate because many have been accusing him of selling out to Wall Street. On Monday, he calls the heads of banks to the White House to urge them to open up more credit to consumers. Will he continue to talk the tough language of Wall Street's foes, or speak to the executives as his administration's been accused of treating them--as friends?

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