Absurd (But Mind Blowing) Anti-Government Propaganda From JP MorganChase [View All]

[independentsrule]

Run time: 08:48 https://www.youtube.com/watch?v=aBemjggDFnQ   Posted on YouTube: June 18, 2011 By YouTube Member: StockTradingMaster Views on YouTube: 19   Posted on DU: June 18, 2011 By DU Member: independentsrule Views on DU: 1205

 
The CEO of JP MorganChase, Jamie Dimon, took a shot at Ben Bernanke last week. He said, "I have this great fear that someone's going to write a book in 10 or 20 years, and the book is going to talk about all the things that we did in the middle of a crisis that actually slowed down recovery."

A great fear someone's going to write a book that says this? I mean I have fears I'm not going to be able to put food on the table for my family, keep a roof over our heads, or pay for health insurance. I have a fear that, because my family had to down size to a 1 car family, I have a fear that my van will break down and that I won't have the money to get it fixed. I fear that my wages will be tagged because of a $45,000 student loan that I'm not allowed to refinance and that's growing at a rate of 8.5% interest per year that I've gone into default on.

But here's the baby diaper Dimon crying about a "...great fear that someone's going to write a book in 10 or 20 years, and the book is going to talk about all the things that we did in the middle of a crisis that actually slowed down the recovery." What a sissy rich guy.

So JP MorganChase really has it tough and so here's the CEO taking Bernanke to task on government intervention apparently.

I mean Fox News is literally stumbling all over themselves with getting this guy as a guest contributor on their network.

Who doesn't like a guy that's really been hurt by all this government regulation of the banking industry. Whose had to really suffer along with the rest of hard working America. I mean who could blame a guy that isn't making as much money as he'd like because big government is stepping in to regulate what he does...NOT!

Poor diaper Dimon is crying to the Fed about only making $25 million dollars last year!

Waaaah! BOOO HOOO! Waaaaah!

Oh that bad government for regulating his activities!

From where I stand, the cry baby CEO of JP MorganChase does not seem to have it very rough at all. Then diaper Dimon goes on to ask Bernanke if all this government regulation is "holding us back at this point?"

Who is this "us" diaper Dimon is referring to? JPMorganChase benefited greatly from the government's bail out of the banking industry. JPMorganChase was given $25 billion in TARP money with basically no restrictions. So even if Dimon didn't want or need as he says on camera every chance he gets, why attack the guy who gave it to him? The Fed also guaranteed $29 billion in losses so JP Morgan could buy Bear Stearns risk free, and it was the Fed that approved the deal to let JPMorgan buy WaMu for only $1.9 billion.

So why is diaper Dimon crying about evil government intervention?

Perhaps it was the $2 million JPMorganChase was ordered to pay back military families.

Oh yes. JPMorgan had overcharged military families, on mortgages as well as illegally foreclosing on 14 military families. They completely ignored the law called the Service Members Civil Relief Act that protects service men and women and their families during financial insecurity when the service member is on duty. Families are guaranteed a lower interest rate on their mortgages and they are protected from foreclosure. This law was violated some 4,000 times by JPMorgan. A family that had experienced constant financial badgering and fear from JP Morgan is Marine Captain Jonathan Rowles and his wife and two young kids. JPMorgan never activated the lower interest rate on their mortgage, overcharging the family as much as $900 a month for not paying the amount on the bank's incorrect statement. Eventually, the wife was harassed with constant calls from the bank asking for $15,000 and threatening foreclosure, while Captain Rowles was oversees on duty.

That must be the kind of government intervention diaper Dimon is crying about.

Oh that big bad intrusive government intervening in the private sector on behalf of the people!