General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsI think we can all agree that Jamie Dimon is a parasite.
So, why is Dimon still running a big bank and not working in the laundry of some federal prison as part of a long sentence?
rurallib
(62,411 posts)One of the biggest disappointments with Obama is that not one of the crooks on Wall Street has been charged with anything for the scam that damn near (and still may) ruin the world economy. Dimon would be a nice choice.
Since Obama has come out for marriage equality, my next wish is that some captain of finance gets indicted before the election.
Fumesucker
(45,851 posts)Prosecuting their golfing pals on the other hand is beyond the pale, that would get a swift and merciless reaction.
Garion_55
(1,915 posts)more info would help
JustAnotherGen
(31,817 posts)Chase Bank.
varelse
(4,062 posts)I have no clue who this person is.
JustAnotherGen
(31,817 posts)They just posted a $2 Billion loss.
PA Democrat
(13,225 posts)Who could have predicted that?
JustAnotherGen
(31,817 posts)On American Economic growth . . .
irisblue
(32,969 posts)who helped crash the US economy. he runs JPMorgan Chase (too big to fail), has spent the last several years whining about how hard it is being a banker, no one loves us...his wiki page, the one i just found is really short. he should be doing criminal time as well as facing civil charges with his boards. his company is pretty big in columbus, so this is really gonna hurt locally.
oldhippydude
(2,514 posts)Fumesucker
(45,851 posts)truebrit71
(20,805 posts)Twice.
stockholmer
(3,751 posts)benld74
(9,904 posts)redqueen
(115,103 posts)gratuitous
(82,849 posts)Left parasites like Dimon in charge, didn't even bother to extract worthless promises to behave in the future, let alone enact any meaningful regulatory reform, and here they are again, fucking up big time.
I guess the only available course of action is to do it all again. I just hope we don't hurt Mr. Dimon's fee-fees like we did last time.
JDPriestly
(57,936 posts)Don't worry. He has taken care of himself. He will pass any losses on to his small-time, to-him-anonymous investors.
Jamie Dimon will, as usual, take care of himself and his own, make a big show of about his sufferings and come out, psychopath as before, on top of the material world.
Jamie Dimon -- master of the satanic world.
stockholmer
(3,751 posts)bluesbassman
(19,372 posts)Last year, while touring support facilities in Florida, Dimon ran across somebody sending a fax and asked them what they were doing. When the employee indicated they were faxing some documents, he replied: "we still use fax?". Of course banking, like a lot of document intensive businesses, is moving to paperless documentation as much as possible. However, there are many documents that require signatures and so forth, so it'll be a long time before paper disappears. Dimon apparently had no clue.
Actually read that story in a Chase newsletter. I did a brief stint there, couldn't get out fast enough.
mwooldri
(10,303 posts)My employers are in better shape without these two guys at the helm.
DeSwiss
(27,137 posts)New Rule
Dont bother asking JPMorgan how it accumulated all these losses. That information is proprietary, as if the taxpayers who bailed out the bank in 2008 dont have any business knowing. Heres an idea for a new rule: If a too-big-to-fail bank cant disclose what its trading desk is doing for fear of blowing itself up, then the bank shouldnt be allowed to do it.
Its not often that a huge company calls an emergency teleconference on short notice to discuss an intra-quarter trading loss thats equivalent to only 1 percent of shareholder equity. So when a Deutsche Bank AG stock analyst named Matt O' Connor asked Dimon why the company had disclosed it at all, the answer was bound to be revealing.
It could get worse, and its going to go on for a little bit unfortunately, Dimon replied. The meaning was clear. Worse could mean disastrous.
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