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marmar

(77,081 posts)
Thu Feb 5, 2015, 08:13 PM Feb 2015

Leave Jamie Dimon Alone !!!





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 nation’s 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 America’s largest Wall Street empire, you have to wonder why Jamie Dimon, JPMorgan’s CEO, is so P.O.‘d. He’s fed up to the tippy-top of his $100 haircut with all of this populistic attitude that’s sweeping the country, and he’s not going to take it anymore!

Dimon recently bleated to reporters that, “Banks are under assault.” Well, he really doesn’t mean or care about most banks—just 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


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pa28

(6,145 posts)
4. Last month he personally lobbied congress to put taxpayers on the hook for trillions in derivatives.
Thu Feb 5, 2015, 08:51 PM
Feb 2015

Now he says regulation is "not fair".

What a colossal asshole.

BrotherIvan

(9,126 posts)
6. His get out of jail free card
Thu Feb 5, 2015, 08:53 PM
Feb 2015



"Free to those who can afford it, very expensive to those that can't." --Withnail

niyad

(113,323 posts)
8. "may the fleas of a thousand camels infest his hairy regions" (with apologies to carnak
Thu Feb 5, 2015, 10:26 PM
Feb 2015

the magnificent)

 

nikto

(3,284 posts)
9. We don't have Kings, Dukes or Counts anymore as our elites...
Thu Feb 5, 2015, 10:27 PM
Feb 2015

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)
10. "I can't believe these peasants have the gumption to criticize someone in my position!"
Thu Feb 5, 2015, 10:31 PM
Feb 2015

"Don't they know their place? Like doing landscape work and cleaning my mansion."

 

DeSwiss

(27,137 posts)
11. It wasn't by hook or by crook that he leveraged......
Thu Feb 5, 2015, 10:36 PM
Feb 2015

...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

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