• Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.
  • Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.

Breakfast with Jamie [Dimon]

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Thu, 12/30/2010 - 00:49 | 837223 TruthInSunshine
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Just a correction: The article says QE1 "would eventually become a $1.75 billion bank largess program."

I know that the author meant QE1 would eventually become a $1.75 trillion bank largess program.

Carry on.

Thu, 12/30/2010 - 08:06 | 837376 EB
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Thu, 12/30/2010 - 00:39 | 837215 David99
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Pilbara faces cyclone risk December 30, 2010 - 2:23PM

A tropical depression over Australia could develop into a cyclone over the next few days and bear down on offshore oil and gas installations, and iron ore shipping zones, Australia's Bureau of Meteorology said today.

Gale-force winds may develop along the Pilbara coast in Western Australia by Saturday as the storm makes its way out to sea, though flooding was not expected due to the storm's steady movement, the bureau said in a warning notice.

BHP Billiton, Rio Tinto and Fortescue Metals export hundreds of millions of tonnes of iron ore mined annually from inland Pilbara deposits via coastal terminals at Port Hedland, Dampier and Cape Lambert.

Also Cockatoo Coal ceases operations as mine flooded

Be Careful with longs of miners

Wed, 12/29/2010 - 22:05 | 837082 essence
essence's picture

Why the hell is the CEO of the 2nd most prominent bank in the world
(sorry jamie... GS rules) sitting on the board of directors of the NY federal
reserve branch (for those that don't know...this branch is the one that wields
far more power & influence the other 11...consider it the head of the hydra).

Talk about conflict of interest.

The US is throughly corrupt.
It's markets are corrupt.

I can't directly fight that, but I sure as hell can ensure as little as possible
of my net worth support it.




Wed, 12/29/2010 - 21:46 | 837057 LMAOLORI
LMAOLORI's picture

Economic Policy Journal is among my favorites I read it daily as I do ZeroHedge it was from EPJ that I learned Jamie was Obama's favorite banker.  I see the banker's are now feigning outrage over Obama's remarks and Jamie had to set the President straight...

Obama and Wall St.: Still Venus and Mars 

“Jamie Dimon, chairman and chief executive officer of JPMorgan Chase and a supporter of Obama in 2008, has been among the more outspoken critics of the White House’s anti-Wall Street rhetoric. “It’s harmful, it unfair and it leads to bad policy,” Dimon recently told The New York Times Magazine, adding that he told Obama: Former “President [Abraham] Lincoln could have denigrated all sSoutherners. He didn’t.”


(does Obama or the lamestream news really think we buy this propaganda that the bankers are mad at him? Jamie was just over visiting him on 12/8)


Barack’s Wall Street Problem is Now America’s


JPMorgan CEO Jamie Dimon Donates Serious Cash to Democrats



Obama, Dimon Met at White House to Talk Economy, Official Says
December 08, 2010


The great bank heist of 2010
Commentary: Wall Street wins, Main Street pays — again




Wed, 12/29/2010 - 18:25 | 836728 Babalooee
Babalooee's picture

Go long waiters! Talk about the chance of making big money off tips

Wed, 12/29/2010 - 18:11 | 836706 Quinvarius
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Dimon is a talentless arrogant prick.  If he had to operate under the same rues of the road as everyone else, he would be eating out of my garbage bucket every night.

Wed, 12/29/2010 - 17:12 | 836573 lookma
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Of course Jamie Dimon meets with Dudley, Dimon is a class A director of the NYFRB.

No need to concoct some shady dinner/policy conspiracy theory, its a lot more direct and out in the open than you allude:


Wed, 12/29/2010 - 17:28 | 836629 ajax
ajax's picture


Richard Carrion? The IOC for chrissakes? Puerto Rico for chrissakes?

Wed, 12/29/2010 - 17:18 | 836595 Tyler Durden
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Is Jan Hatzius also a Class A director? Dudley had dinner with him on March 11 and April 6, 2009... And this is only through pages 50.

Wed, 12/29/2010 - 19:12 | 836811 EB
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Mar 11 09:  

06:00 PM - 07:00 PM Informal meeting with Jan Hatzius (GS) Location : Pound & Pence

Apr 6 09:

05:30 PM - 06:30 PM Informal meeting with Jan Hatzius Location : Pound and Pence

Wed, 12/29/2010 - 17:57 | 836683 lookma
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Wed, 12/29/2010 - 17:57 | 836682 lookma
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I don't dispute his thesis.  As we all know, Class A directors are appointed by the Banks to protects the banks' interests.

I am pointing out the supporting evidence is more out in the open than he alludes, in part by pointing out Dudley already answers to Dimon as Dimon is a Class A director of the NYFRB.

One doesn't need to go through appointment books to establish this relationship.


Wed, 12/29/2010 - 18:01 | 836692 lookma
lookma's picture

A more explicit role specified by the Federal Reserve Act calls for Reserve Bank directors to establish their District's discount rate at least once every 14 days. Directors establish this rate at each regularly scheduled board meeting every two weeks. At the New York Fed, they do so in person on the third Thursday each month; they meet by conference call on the first Thursday and, should there be one, the fifth Thursday.


The discount rate the directors designate, subject to Board approval, is what financial institutions pay when borrowing from the Federal Reserve. These borrowings, called "adjustment credit," help banks meet temporary liquidity needs arising from short-term fluctuations in their balance sheets.



I wonder who appointed Dudley? oh yeah:

Directors influence monetary policy by setting their District's discount rate and by appointing the Bank's president, who, in turn, sits on the Federal Open Market Committee.



Wed, 12/29/2010 - 18:10 | 836707 lookma
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William C. Dudley became the 10th president and chief executive officer of the Federal Reserve Bank of New York on January 27, 2009.


In 2007, Dimon was elected to a three-year term as a class A director of the Federal Reserve Bank of New York. 

Hmm, looks like Jamie had a hand in appointing Dudley.   Hmm indeed.


Wed, 12/29/2010 - 19:04 | 836793 EB
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Wed, 12/29/2010 - 19:03 | 836792 EB
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@lookma: I'm well aware of the regular meetings between Fed branch directors and Fed staff, but many are not, so it's worth accentuating.  The off-the-record nature of breakfast and dinner meetings, as opposed to regularly scheduled conference calls that would at least have an official note-taker present suggests (at least to me) these meetings were when the real dealing went down.  Had not connected that Dimon had a part in nominating Dudley, so thanks for that.


Wed, 12/29/2010 - 17:55 | 836681 dark pools of soros
dark pools of soros's picture

do we really think that 'dinner' in this day and age means anything but photo ops?  and don't they all meet back at their masters of the universe lair at night?  

Wed, 12/29/2010 - 20:16 | 836916 Fred Hayek
Fred Hayek's picture

I'm sort of picturing the Secret Society of Super Villains hideout from the old DC comics with Jamie Dimon chatting up Gorilla Grodd, Sinestro and Lex Luthor.

Wed, 12/29/2010 - 16:55 | 836518 MrBoompi
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You can't call it casino capitalism when there are no losing bets.

Wed, 12/29/2010 - 17:13 | 836580 Boilermaker
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The 'house', the TBTF cocksuckers, never lose...you should know how casino's work by now.

Wed, 12/29/2010 - 16:48 | 836495 Geoff-UK
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What happened to all the guillotines from the French revolution?  Anyone got a key to that warehouse and a few Dustbusters?

Wed, 12/29/2010 - 17:24 | 836617 ajax
ajax's picture


It's a brave new world, a do-it-yourself world guillotine-wise:


Who would have thought? From quiet Sweden?

Wed, 12/29/2010 - 16:51 | 836501 goldmiddelfinger
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They put a stolen Egyptian obelisk on the spot. Fitting.

Wed, 12/29/2010 - 16:28 | 836421 Pullmyfinger
Pullmyfinger's picture

Well, at least someone is tracking this stuff, but what's a few more drops in a sea of criminality? Nothing short of Armageddon is going to make much difference at this juncture.

Wed, 12/29/2010 - 16:47 | 836489 EB
EB's picture

You never know what will gain traction.  The fingers of instability continue to multiply. 

Wed, 12/29/2010 - 16:35 | 836449 goldmiddelfinger
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Shoplifting a pack of gum gets you 30 days with a roadside trash bag

Wed, 12/29/2010 - 16:42 | 836475 Pullmyfinger
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I wonder how many days Jamie will get? I'd love to see that man with a trashbag in the ditch.

Wed, 12/29/2010 - 16:18 | 836384 goldmiddelfinger
goldmiddelfinger's picture

And no one's in jail for all the previous thievery

Wed, 12/29/2010 - 16:49 | 836496 unwashedmass
unwashedmass's picture

our government is so corrupt now that...i mean, who exactly isn't on the payroll who is going to challenge these guys? we ought to be grateful, i'm sure in their minds, that they are even bothering with maintaining the charade of free markets and a non-rigged stock and bond markets....

we are completely and totally toast. i mean, this has penetrated the dim misty regions of even ashton kutcher's mind.......

Wed, 12/29/2010 - 18:58 | 836780 Careless Whisper
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why is this newsworthy? the federal reserve bank works for the global banks. this is not a secret.

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