"Rhambo" to speak before JPMorgan Chase board meeting on Monday.

[jefferson_dem]

Personally, I don't have a problem with this little get-together... :popcorn:

In Washington, One Bank Chief Still Holds Sway
By JACKIE CALMES and LOUISE STORY

WASHINGTON — Jamie Dimon, the head of JPMorgan Chase, will hold a meeting of his board here in the nation’s capital for the first time on Monday, with a special guest expected: the White House chief of staff, Rahm Emanuel.

Mr. Emanuel’s appearance would underscore the pull of Mr. Dimon, who amid the disgrace of his industry has emerged as President Obama’s favorite banker, and in turn, the envy of his Wall Street rivals. It also reflects a good return on what Mr. Dimon has labeled his company’s “seventh line of business” — government relations.

The business of better influencing Washington, begun in late 2007, was jump-started just as the financial crisis hit and the capital displaced New York as the nation’s money center. Then Mr. Obama’s election brought to power Chicago Democrats well-known to Mr. Dimon from his recent years running a bank there.

One of them is Mr. Emanuel, who has accepted the invitation to speak to the board pending a review by the White House counsel. The Treasury secretary, Timothy F. Geithner, declined out of concern that he would be seen as too cozy with a company that has numerous business issues before the department, an administration official said.

“It’s a very nice thing for the board to have happen,” said the chief of a major financial company. “But you’d have to have a lot of influence to pull it off.”

Mr. Dimon and his company enjoy a prominence in the city’s K Street lobbying world that parallels their recent rise on Wall Street; JPMorgan went into the crisis stronger than most rivals and reported robust quarterly gains last week that confirmed its place at the top of the heap

<SNIP>

http://www.nytimes.com/2009/07/19/business/19dimon.html?_r=1&pagewanted=print

[Arkana]

1. Here's hoping he gives all the board members wedgies

and slaps them with dead fish.

[Odin2005]

5. +1

[DJ13]

2. Obama's Clinton infested administration is completely tone deaf

The public already thinks they are too close to Wall Street, the worst thing the administration can do in this climate is to appear like they DO have a cozy relationship.

[invictus]

3. +1

[Odin2005]

4. BWAHAHA! Obama sending his man to break Bankster kneecaps?

:evilgrin:

[Hutzpa]

6. This is Rahm to JP Morgan

listen here muthafuckas, you muthafuckas have taken too long with this economy shit
it's bout time you fuckas fix it and a'mean like yesterday.... pronto!

:rofl:

[dflprincess]

7. Did you read the OP or the article?

Jamie Dimon, the head of JPMorgan Chase, will hold a meeting of his board here in the nation’s capital for the first time on Monday, with a special guest expected: the White House chief of staff, Rahm Emanuel.

Mr. Emanuel’s appearance would underscore the pull of Mr. Dimon, who amid the disgrace of his industry has emerged as President Obama’s favorite banker, and in turn, the envy of his Wall Street rivals. It also reflects a good return on what Mr. Dimon has labeled his company’s “seventh line of business” — government relations.

Rahm is coporate whore - he's not going there to kick any butt, but to assure J.P. Morgan that they have a friend in the White House.

[Dinger]

9. You Are Correct (nt)

[Autumn]

10. True , probably the only

butt that will get kicked is the tax payers.

[boppers]

8. I always wonder how many "anti-bank" DU'ers have money... in banks.

..or credit unions, for that matter.

Some folks are all too happy to complain about others.

[brentspeak]

12. You can show your love for Chase, Goldman, and Citi

by sending a large check to each of their respective HQ. Sign it, "Sucker".

[boppers]

13. How am I going to write a check?

I don't use banks.

[QC]

11. His master's voice...

[PopSixSquish]

14. According to the Boston Globe and Reuters, Rahm Has Declined the Invitation

http://www.boston.com/news/nation/washington/articles/2009/07/19/white_house_chief_of_staff_declines_jpmorgan_invite/?rss_id=Boston.com+--+National+news

So let's pick something else to blame on Rahm...

[Doctor_J]

15. Proabaly to apologize for hiring and Goldman robber baron today

and assure Morgan that they won't be cut out completely

[babylonsister]

16. Emanuel declines JPMorgan invite

http://www.reuters.com/article/politicsNews/idUSTRE56I2FR20090719?feedType=RSS&feedName=politicsNews

White House chief of staff declines JPMorgan invite
Sun Jul 19, 2009 5:10pm EDT


WASHINGTON (Reuters) - U.S. President Barack Obama's chief of staff, Rahm Emanuel, has declined an invitation to attend a board meeting of JPMorgan Chase & Co, a White House official said on Sunday.

The New York Times reported over the weekend that Emanuel, the president's top aide, had agreed to attend the meeting, which was to be held in Washington on Monday, pending a review by the White House counsel.

No one from the bank was available to comment, and the White House official did not elaborate on Emanuel's decision.

The second-largest U.S. bank is among the nation's healthiest major lenders and reported a 36 percent rise in quarterly profit last week.

The Times said Emanuel's participation would have underscored the sway of Jamie Dimon, the bank's chief executive, in Washington circles as he seeks to improve JPMorgan's government relations.

Dimon is widely regarded as the top banker not to be tarnished by the U.S. financial crisis.

A visit by Emanuel, who told the Times he shared a bond with Dimon since both men rebuilt their respective careers after rough patches, could have been interpreted as favoritism to one financial institution as the Obama administration revamps regulation for the entire banking industry.

The paper said Treasury Secretary Timothy Geithner had declined a similar invitation because of concern about conflicts of interest.