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from truthdig:
A Whining Wall Street Banker Pleads for Pity
Posted on Jan 30, 2015
By Jim Hightower
J.P. Morgan was recently socked in the wallet by financial regulators who levied yet another multibillion-dollar fine against the Wall Street baron for massive illegalities.
Well, not a fine against John Pierpont Morgan, the man. This 19th-century robber baron was born to a great banking fortune and, by hook and crook, leveraged it to become the King of American Finance. During the Gilded Age, Morgan cornered the U.S. financial markets, gained monopoly ownership of railroads, amassed a vast supply of the nations gold and used his investment power to create U.S. Steel and take control of that market.
From his earliest days in high finance, Morgan was a hustler who often traded on the shady side. In the Civil War, for example, his family bought his way out of military duty, but he saw another way to serve. Himself, that is. Morgan bought defective rifles for $3.50 each and sold them to a Union general for $22 each. The rifles blew off soldiers thumbs, but Morgan pleaded ignorance, and government investigators graciously absolved the young, wealthy, well-connected financier of any fault.
.....(snip).....
With this long history of crime-does-pay for Americas largest Wall Street empire, you have to wonder why Jamie Dimon, JPMorgans CEO, is so P.O.d. Hes fed up to the tippy-top of his $100 haircut with all of this populistic attitude thats sweeping the country, and hes not going to take it anymore!
Dimon recently bleated to reporters that, Banks are under assault. Well, he really doesnt mean or care about most banksjust his bank. Government regulators, snarls Jamie, are pandering to grassroots populist anger at Wall Street excesses by squeezing the life out of the JP Morgan casino. .......................(more)
The complete piece is at: http://www.truthdig.com/report/item/a_whining_wall_street_banker_pleads_for_pity_20150130
smirkymonkey
(63,221 posts)I hate that greedy motherf****er.
Autumn
(45,096 posts)Nah fuck him.
appalachiablue
(41,140 posts)pa28
(6,145 posts)Now he says regulation is "not fair".
What a colossal asshole.
Wellstone ruled
(34,661 posts)Must be off his Meds again,oh wait,needs to change Meds.
BrotherIvan
(9,126 posts)"Free to those who can afford it, very expensive to those that can't." --Withnail
smirkymonkey
(63,221 posts)GRR!!
niyad
(113,323 posts)the magnificent)
nikto
(3,284 posts)What we have are folks like Jamie, and Lloyd (Lord?) Blankfein (Goldman-Sachs).
they may as well be the Dukes Of Exalt, or whatever.
Untouchable elites.
Unimaginable wealth, and growing.
Unquestionable power, and growing.
These people have a insatiable appetite for acquisition.
In any other area (eating, drinking, drug-use, "cat-collecting", sex, shopping, etc etc),
it would be treated like a disorder, or ILLNESS.
What kind of "just society", with so-called "representative government",
and a range of purported "democratic rights",
is run by frikkin' banks?
dissentient
(861 posts)"Don't they know their place? Like doing landscape work and cleaning my mansion."
DeSwiss
(27,137 posts)...his inheritance into a great fortune. It was selling himself to the Rothschilds in 1895. He started out his life of capitalistic crimes by selling sub-par rifles to the Confederates during the civil war.
- All of our Robber Barons pretty much got their start that way......
K&R