The President met with leaders in the financial services industry, but three top bank CEOs decided not to show up and participated instead by phone.

Three top bankers invited to the White House on Monday will not be able to attend in person because their flight was delayed due to bad weather but will participate by phone, the White House said.

The three are: Lloyd Blankfein, chairman and CEO, Goldman Sachs (GS.N); John Mack, chairman and CEO, Morgan Stanley (MS.N); and Dick Parsons, chairman, Citigroup (C.N).

A source familiar with the situation said all three were on the same plane and the flight was delayed due to fog.

There is more than one way to get to Washington DC from New York, and the inclement weather didn’t just spring up this morning. Somehow, other CEOs at the meeting managed to make alternative plans and get to the meeting.

Topics for the meeting included the economy, small business lending, mortgage reform and financial regulations. On the heels of strong words from the President on 60 Minutes about “fat cat” bankers, the meeting was not expected to be completely congenial. Three CEOs didn’t find it so important to attend.

David Dayen

David Dayen