Hi, I'm Jamie Dimon here to talk about "fairness"

[Scuba]

[jsr]

1. It's fair. Anything less would be a Holocaust.

[warrant46]

16. A real Life "Scum Bag"

[Romulox]

2. Jamie Dimon "is one of the smartest bankers we've got". -Barack Obama, May 15, 2012

[Armstead]

3. Can't argue that he isn't smart

But smart and moral are not always the same thing

[Romulox]

4. "...JP Morgan is one of the best managed banks there is." -Barack Obama, May 15, 2012

[Armstead]

5. "Good management" isn't necessarily moral either

The whole problem with the Democratic Elites is that they buy the "wisdom" of these bastids, either because they are misguided or corrupt, or both.

[Romulox]

7. I disagree. James Dimon perfectly embodies the "morality" of our corporate form of government.

It's not a problem of competence.

It's not a problem of vision.

It's not a problem of "morality" (i.e. they know what they are doing is considered "wrong" by the bulk of us.)

We're not going to find the "good" banker to whom unlimited power may be granted without any fear of so-called "corruption".

In other words, it's working as designed.

[hatrack]

10. "Amorality" would be my word choice

But yes, I agree - it's not a bug, it's a feature.

[Armstead]

11. I'm not sure what you are disagreeing with.

I agree the system sucks. Jamie Dimon embodies how it sucks. Too many people buy into that, to their own determent.

Unlimited wealth and powers is inherently corrupting. That's why we need restraints.

But I don't believe the basic design of the system is inherently rotten...at least no more rotten than anything involving the very mixed bag of human nature and social dynamics.

[Romulox]

17. You're not exactly being honest. You know damn well that I am disagreeing with your final pp.

I suspect you know damn well that a majority of people at the Democratic Underground don't believe that the problem with the system is simply that we haven't found the *right* oligarch (e.g. someone "smarter" or "more moral" than James Dimon).

But I don't believe the basic design of the system is inherently rotten...at least no more rotten than anything involving the very mixed bag of human nature and social dynamics.

That's an exceedingly week defense of the most unequal economic system in the developed world.

[Armstead]

18. I agree with you on that -- It's not about individual personalities

As for weak defense of unequal system...Unfortunately ANY political/economic/social system has flaws and is subject to abuse by the forces of greed and power-hunger. Any system has to have balancing counter-forces to prevent that.

The social democracies of Europe and Canada are basically capitalistic, and those are under assault too.

What has evolved in the US over the last 30 years is an abomination of what was a system that -- although very imperfect --did allow for opportunities for a majority to at least meet their basic needs and at best allow them to achieve more, while contributing to the overall good.

If one existed, I'd opt for Utopia. But that aint gonna happen, so we have to do the best with what we've got, and fix what's broken.

[Romulox]

19. You are incoherent. On one hand, our society is an "abomination". On the other,

it's the "best we've got", and must be preserved? You aren't making any coherent case, and, quite frankly, I resent you glomming onto my comments to make comments completely unrelated to mine.

In short, I do not believe that we have agreed on anything in this exchange, but your dissembling makes it unclear what your original point was meant to be in the first place.

[Armstead]

20. I'd suggest you aquire a thicker skin and get over yourself

We probably agree on a lot of basic points, but you seem to be locked intro a rigid dogmatic attitude that could benefit from lightening up a bit.

[Romulox]

21. Nonsense. I resent the dishonesty inherent in this exchange. nt

[Armstead]

22. Like i said....

lighten up

[jsr]

6. In which case, I'd say he's underpaid.

The presidential seal of approval does it for me.

[TBF]

13. Which explains a heck of a lot

about what is happening in this country.

[hfojvt]

8. the stranger thing is

he doesn't even need the money.

I mean, if I made $11 million last year I would be set. for. life.

There's no way in hell that I would keep working MY job if I was set for life.

Yesterday was Saturday for me. That is, the first day of my putative weekend. Since we got ten inches of snow, I got to spend my Saturday walking 8 blocks through the snow and shovelling for three hours. I moved at least 4,000 pounds of snow - by hand.

You can file that under "sh*t I would NOT do if I had $5,000,000".

I am thinking, that he must really enjoy what he does, since he keeps doing it, even though he must surely have $5,000,000.

[n2doc]

12. But what about the private jet and helicopter?

You see, Jaime NEEDS those things. He MUST have them, no matter what.

All that knowledge, all those skills
All the gas it takes to get up top of the hill
And while the others try to take your spot
You wanna make them stop but you gotta make them stop

Would you do anything whatever it takes?
Jacks in the road, yeah, fix the breaks
It's the instinct that's got us locked up tight
And it's the madness that's keeping us up all night


-Smash Mouth- "Defeat You"

[jsr]

15. The 1% don't commute like the hoi polloi

[dickthegrouch]

14. The irony is he probably doesn't enjoy it

He's terrified that he'll look bad and won't survive if he loses it all in a major fuck-up. In his mind it could all be gone tomorrow in a catastrophic market collapse or if one of the other scandals they're hiding comes out in the open.

I agree, these guys are not stupid, but they do seem to have a penchant for acting only in their own short-term interests.

IMHO "investors", who apparently herd run from one side of the investment balance to the other on an almost daily basis, are nothing but a bunch of scared, pathetic, no-nothings who have FAR too much influence on the markets. The individual investors who have (at best) hundreds of thousands to try to hold on to are but specks in the overall scheme of things. Those 401Ks and mutual funds that are gaining pittances and losing fortunes on a daily basis are what those herding brokers are causing de-stabilizing market swings with.

[PoliticAverse]

9. Makes sense, Bristol Palin was paid to talk about the problem of teen pregnancy... n/t