…and isn’t likely to, since he seems to exist in an atmosphere entirely consisting of his own onerous emissions and is clueless to the self-made failures supported by taxpayer bailout money he bafflingly thinks ‘The Street’ deserves, without pesky regulation. For those who like to complain about unworthy welfare recipients, one need look no further than the executive suites of Wall Street and, just like any degenerate gambler in Las Vegas, especially one who has Uncle Sucker supplying the chips for his next binge, the unhinged Wall Street gang will keep shooting craps until the gov’t forces them to stop, regardless of the dire consequences to themselves or our economy. It’s that simple. Read the first quote: Jamie Dimon is as shamelessly self-serving and unintentionally hilarious as Mitt Romney.
“It’s so unfair to talk about Wall Street and ethics…The people that we deal with a lot on Wall Street are some of the most ethical people I know.”
— Jamie Dimon, CEO of JPMorgan Chase, as quoted by AlterNet.org.
“Only now JPMorgan Chase gets hit with losses like these. Once again it looks like men and women who think they are smarter and slicker than the rest of us and always a step or two ahead of the game, are playing casino as much as they ever did.
“You have to know Dimon is the guy always standing up and acting insulted at the notion of more regulation, even after what happened after all the dumb, freewheeling, Vegas years of Bush and Cheney. Dimon is the one always saying that the economic recovery in America has been slowed by too much regulation, and likes to go around calling any Democrat who talks about more federal regulation of banks like his as being ‘anti-business.’ “ […]
“Dimon is another money guy who knows everything, but whose company has learned nothing. One of the guys whose companies keep finding different ways to bet the house, but somehow never lose theirs. Even when they lose their shirts.”
— Mike Lupica, “Jamie Dimon points fingers for JPMorgan Chase’s $2 billion loss, but who thinks anything has changed on Wall Street?” NY Daily News, May 14, 2012.
“The public opprobrium directed at Wall Street throughout 2008 and 2009 met with no satisfactory reformist result. The white-collar perps responsible for plunging American society into the abyss were rewarded for their malfeasance and walked away as rich and powerful as ever. Jamie Dimon personifies the hubris of these self-anointed ‘Masters of the Universe’ and his pathetic attempts to spin his way out of the current CDS boondoggle is another glaring reminder of the wider lack of accountability.” […]
“Men like Jamie Dimon (or Edward Conard of Bain Capital, who was recently profiled in the New York Times Magazine cheerleading for greater inequality in America), deserve nothing but our scorn and ridicule. The unfortunate fact is, as things stand today people like Jamie Dimon (or Rupert Murdoch and Rebekah Brooks across the pond) are simply too rich and connected to be held accountable. They’re out of touch with the social reality they’ve helped create. The suffering of others is simply not on their radar. They’re unbalanced people; money motivated, greed obsessed.
“That leaves us with Occupy Wall Street and the building of a mass movement as the only viable option of steering the nation off the course of permanent high unemployment, low wages, weak labor unions, and a shredded social safety net. With a little luck and a few more blow-ups on Wall Street we might be able to generate the political will to finally break up the financial behemoths and put the nation on a course that takes into consideration the human needs of the 99 percent.”
— Joseph Palermo, “JP Morgan’s Loss Could Be America’s Gain,” LA Progressive, May 13, 2012.
“This is one of the fundamental flaws of our financial system that seems to be unfixable — we create a class of wealthy traders that uses money from depositors and people other than themselves – to make bets with massive unknown unknowns.
“If those bets just happen to pay off, the traders get their multi-million dollar bonuses. And if those bets lose money, the traders are not forced to pay back those bonuses. They merely shuffle off to another gambling parlor.”
— Peter Cohan, “Dimon Principle: Open Mouth, Insert $2 Billion Foot,” Forbes, May 11, 2012.
Video of of the slippery Dimon ‘hedging his bets’ on Meet the Press: