Let’s put Jamie Dimon on trial

[xchrom]

http://www.salon.com/2012/05/14/lets_put_jamie_dimon_on_trial/




Let’s put JPMorgan Chase chairman, president and CEO James “Jamie” Dimon on trial. Mr. Dimon has a reputation for being the sagest guy on Wall Street and an expert at managing risk. JPMorgan emerged from the financial crisis not just unscathed but secure enough to step in and rescue Bear Stearns when the government asked it to. (He gets very mad when you say that his bank got bailed out by the government, and he insists that the government made him take all that free money.) Then his bank somehow accidentally lost billions of dollars last week, whoops! And he is really embarrassed, but not embarrassed enough to fire himself. So, let’s put him on trial and force him to explain what good he and his bank are.

The SEC is investigating the massive loss, but that will take a lot of time and the eventual report will probably be very difficult for novices to understand and probably they won’t put anyone in jail. Dimon might have to be hauled before Congress to answer questions, but no one watches congressional hearings, and no one likes members of Congress. I think a big televised prime-time tribunal would be best. And then maybe some JPMorgan shareholders, unemployed people, journalists and angry bloggers can just ask him some really simple questions about why he thinks JPMorgan shouldn’t be regulated at all.

While I am definitely endorsing a humiliating show trial, we don’t have to send Jamie Dimon to jail afterward, even if a jury of people who had their houses foreclosed on them find him guilty. The point of this is to mainly have him on the record, compelled to answer questions plainly and clearly, to an unfriendly audience of non-Davos people.

[tabatha]

1. Yes.

I would love to see that.

[Myrina]

2. He doesn't need jail, he needs a minimum wage job in the hood ...

... with a bus pass, no insurance, no checking account, and an unfurnished room he can rent by the week in a seedy building in a very scary neighborhood.

[yurbud]

3. He looks a lot like the Professor from GILLIGAN'S ISLAND. I bet if we swapped jobs

between him and Russel Johnson, the world would be a better place.

[midnight]

4. The show trial might be just what is needed to get the rest of the folks marching with OWS....

[marmar]

5. Fast, quick and in a hurry.

[Hotler]

6. I suggest the French razor in the public square. n/t