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Sarkozy Goes Postal On Jamie Dimon, Says Bankers Made World Into Madhouse
It has just not been Jamie Dimon's day... or week. After a lawsuit earlier in the week implicated his firm in a mortgage scandal for selling "sack of shit" loans, which is very reminiscent of what Goldman did to AIG, the JPM boss had hoped that he could spin his lies and get everyone to forget that he and his klepocratic colleagues virtually destroyed the financial system, and net a reduction in supervision and regulation. After all the banks have been in purgatory where they have had to subsist on bonuses that average just over $300k for JPM (and $400k for Goldman): how on earth are they supposed to do that. During a Davos session Dimon lashed out
at persistent bank bashing nearly three years after the global
credit crisis began, saying it was "unproductive and unfair.. Not all banks are the same and I just think that this
constant refrain 'bankers, bankers, bankers' is just
unproductive and unfair. People should just stop doing that." Enter Nicolas Sarkozy, who more so than anyone is concerned by the events in Tunisia and Egypt, considering an increasing percentage of the French population is of North African descent, and quite soon they may decide to do just what their Tunisian (and after tomorrow, Egyptian) brethren have done, and just get rid of their useless president.
Quote Sarkozy talking to Dimon, per Reuters:
"The world has paid with tens of millions of unemployed, who
were in no way to blame and who paid for everything. It caused a lot of anger. Too much is too much. The world was stupefied to see one of five biggest U.S. banks collapse like a house of cards. We saw that for the last 10 years, major institutions in which we thought we could trust had done things which had nothing to do with simple common sense. That's what happened... There is an ocean between flexibility and the scandal we saw. So if people present me as obsessed with regulation,
it's because there is a need for regulation. I don't contest the principle of securitisation, but when
one offshore country guaranteed 700 times its GDP, are we in the
market economy or in a madhouse? Bonuses don't bother me, provided there are also ...
draw-downs when there are losses. When things don't work, you
can never find anyone responsible. Those who got bumper bonuses
for seven years should have made losses in 2008 when things
collapsed."
Wow. This could rival the best rant any angry blogger could come up with.
And Jamie's second attempt to make it seem like his feces don't stink suffered massive failure:
Not all banks needed that TARP. Not all banks would have
failed," Dimon said at the earlier session. "A lot of banks were
stabilising the problem -- JP Morgan bought Bear Stearns because
the U.S. asked us to."
Too bad that earlier today, as part of the FCIC disclosure we got the following revelation from none other then Chairprinter Shalom-Packard himself:
"If you look at the firms that came under pressure in that
period ... only one ... was not at serious risk of failure. Even Goldman Sachs, we thought there was a real chance that they would go under."
Sorry Jamie. Mission to get you to run the world all over again has experienced massive failure... for now.
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:-)
Poor Jaime Dimon - Cry me a River. Oh wait, Amazon just did.
And De Nile? Egypt is coming out of denial. If they can, maybe the USofA can too. And then all those showboaters heading the garbage barges of TBTF shit holdings may find they need to take a slow boat to China or else find themselves up the creek without an oar. Paddle his behind!
Without the video it doesn't says it all.
His minister of economics will smilling like a frog and almost bursted out laughing out loud.
NONE of the other presidents backed him up.
It was a sad thing to see.
NOT something heroic.
SD ya got a link to the video?
This is the pot calling the kettle black! SORRRRRY.
And you'd prefer them to be calling each other white?
This is the edges starting to fray.
I'm not taking sides with anyone, I keep my power. But... true words do not care from whose mouth they come from...
"More foxes...we need more foxes!" Said the farmer as he looked upon the carnage of his henhouse.
Even the Devil thinks Dimon is an evil mofo.
" Not all banks are the same ... "
If he's using that as a defense for JPM it's an absolute joke . As much as any financial institution they deserve to be painted red .
And here's the latest to the litany :
http://online.wsj.com/article/SB10001424052748703399204576108114073948044.html?mod=googlenews_wsj
Amen.
Funny that the one of the worst offenders would think he could paint his leeching scum firm as some quiet little conservative credit union or something.
Did someone text Sarchy a pic of the Bastille this morning? Perhaps the bit of cake for dinner...
Sarkozy spoke the truth out loud and in public.
Our banking system is based on racketeering and fraud. Bankers lie and spin and skim. And you get to pay the tab. Yes, even the Bernank's tab will be dropped onto the lap of the American public.
Celtic Agnostic.
Fuck all you Jew baiters; you fall into the fucking trap every time. Once you are painted a racist those thieving, criminal bankers (of every persuasion) win the argument.
I thinks ITS WAY MORE RACIST THEY WONT LET ANYONE BUT JEWS RUN tHE FEDERAL RESERVE
Uh...
Every Administration has to appoint a Fed Governor, and Congress must approve, so now you claim Obama and all the members of Congress are jews ???
Yellen sits at the left hand of the bernank because of her qualifications, jewness had nothing to do with it. lulz
Sarkozy gave and still gives A LOT of the french people money to the bankters. His best buddy is the chairman of BNP Paribas one of the most corrupted french bank.
Message.
Messenger.
Try to get things right, will ya?
wow, wtf is up with this thread? did all the bowling alleys shut down?
http://www.youtube.com/watch?v=WTQv4W2zBec
Looks like the game is heating up--somebody's sending in trolls to shit up the place.
Yep...boiler room ops.
Really, this sucks.
Hi Rusty. Geez, yeah. I pulled into this article to post a comment. Then, I read down from the top threads. Feel like I need a shower to shake off the stink of hatred.
I just about gave up the idea of posting on this article, but then saw your post and changed my mind. Thanks for posting.
Sarkozy's rant is another in a long line of CYAs coming. Considering the "contagion" of riots across north Africa, I wonder if Sarkozy has learned more riots are coming soon to France.
I have always thought that it is ZH's articles, coupled with the freedom of speech they give us that makes this place so cool.
In the last couple of weeks I am finding myself thinking we need moderators here. The increase in trolls (stupid ones at that) is through the roof. Problem is, that if we moderate here, it is game over. A huge part of what made this place so great will be dead.
Course it's dying anyway. On a long enough timeline, the probability of this place staying..........
And the f'n beer ran out.
Excellent! Sarkozy hit a home run with that one.
Thank God there are still politicians who get it.
He doens't get it. He's just saying this to gain worldwide popularity. Sarkozy only makes PR. His words are never followed with actions.
speaking of banksters and going ballistic, wasn't Assange supposed to Wikileak BAC "sometime in January, 2011?" If that's the case, then he had better get busy with it as we're almost fresh out of January. Wouldn't Davos be just the perfect time for a BAC bankster black eye? Seriously, anybody got a clue whassup with dat?
Oh and speaking of bankster black eye....did y'all catch this lovely picture of Allen Stanford?
http://www.businessinsider.com/allen-stanford-bernie-madoff-jail
Apparently he isn't safe where he's at, so he will be moving to the same prison as Bernie Madoff. How nice to have company....is this the genesis of a ponzi prison scheme for ponzi criminals? If so, then we will need a lot more convictions to build this human ponzi pyramid, and one Madoff already committed suicide, along with a few Madoff schemers, so we're kinda coming up short already. Better get the prosecutions rolling...
Oh, and as a side note to Wall Street banksters....judging by the news story, you'd be advised to stay out of Texas unless you want to risk winding up looking like Allen. Might want to stay put in Davos....I'm just sayin'
BAC just made a donation
Bankers are sure generous with your money.
Truth is starting to seep through the cracks. How many dikes can the bankers finger until finally they gush?
The world is about to go full retard.
Hey! This is a family site! Perv!
snicker
Hottest. Comment. Ever.
Summoning the powers of the internets to echo this proclamation, I hereby proclaim this July 4th, National Sue JP Morgan Day.
jpm too big to jail..jamie..hmm..The path of the righteous man is beset on all sides by the iniquities of the selfish and the tyranny of evil men. Blessed is he who, in the name of charity and good will, shepherds the weak through the valley of darkness, for he is truly his brother's keeper and the finder of lost children. And I will strike down upon thee with great vengeance and furious anger those who would attempt to poison and destroy My brothers. And you will know My name is the Lord when I lay My vengeance upon thee.
john
And who was the script writer... again...
Isn't King James, maybe Revised Standard Version......
So the French government (who actually has its sole duty to the public), for which Sarkozy is responsible, is the model we all should follow. Right.
Sarkozy is welcome not to do business with JPM or all US banks. Stop the whining and put your money where your mouth is. Stop investing in US assets. Why in the world did French banks buy paper backed (directly or indirectly) by US mortgages?
But don't you just wish the US President would say something like that? Instead of the bullshit double speak we get...
So they can keep the fiat currency game going.
Looks like though because the individual sovereign currencies have now turned to Euro, that jig is coming apart. There is dissent amongst the rank, and they are looking to turn on each other. When the party is up for those pigs, it will be party time for me.
Who said anthing to the affect that he's the "model?"
Geez! Can't anyone say the truth without being covered with a whole bunch of BS? It's the fucking MESSAGE!
Now... can we have Mr. Sarkozy speak about the 100:1 paper to gold coverage that currently exists.
Let's do some substitution work...
"but when a number of the world's largest financial institutions guarantee 100:1 paper to precious metal contracts, for which they don't have the precious metals to back these contracts, are we in a market economy or in a madhouse?"
When the PM market unwinds, it will be so violent and quick that the 2008 meltdown will be nothing compared to the trillions of dollars of PM contracts being called and demanding physical possession.
It's a comin....
Not until someone identifies that THE fundamental issue is that all is a Ponzi Scheme, playing along as though we can enjoy infinite growth on a finite planet, will we be able to even think about any "solution."
Why is it that this is over so many people's heads? It's a very simple equation, simple math. Barking about this ill and that ill is meaningless unless there's a sense of grounding a "solution" with the key fundamental. Yeah, there's a shit load of crooks out there, but we all buy into their game, we don't really want to look too far under the hood lest we discover that what we've ALL been promoting is doomed.
2012 SARKOAY FOR US PRESIDENT!!!!
Was he born in Kenya?
Nah France, but that's just a detail... easy to fix, and he sure does have a lovely wife...
Yeah, right. Take him to the US.
He's intelectually retarded, corrupted, he's destroying France and he loves money and rich people. He might also lost his head one day or another in France. We gave him for free as a gift for you.
Let's see... one Sarko for one Bernank and You Get Future Considerations...
Get some help will ya... Your ranting is becoming annoying. Big fucking deal if the guy's a fucking wanker. They are ALL fucking wankers. Grow up and do something about it if it's such a bother to you.
sarko feeling the peripheral heat flaming his way? - tunisia - ivory coast etc - most of those guys don't do anything without calling sarko first - could reverberate - not sure even france has enough beurocrats to process all the visa requests from ben ali's / gbagbo family (read entire cote d'ivoire military) - he may even be smarting from the thought of a resumption of rioting under the arc - certainly wouldn't say he's putin tough - back peddling to cover his ass fits much better
good for a laugh though haaaaaaaaaaaaaaaaaaa
Sarkozy knows everything is still on the brink ,he also probably gave up any chance of being relelected in France after raising the retirement age while he bailed out the banks . Sarkozy is going to have to explain in the near future why severe cuts in gov't are going to take place . He is unpopular because he has made some tough choices as right as they have been . I think the only thing that would save his presidency would be to cut bureaucracy dramatically where things in France can get easily done without permission from the gov't .Also tax cuts for the poor and middle class to show that smaller gov't has benefits . Personally I like the guy (with the exception of his globalisation agenda) and he does want France to be like the US in it's hayday .
The dwarf is unpopular because everything's he's touching becomes a desaster. Poverty and criminality have rised in France since he was welected and the rich are getting richer than ever.
He's a liar who destroyed all freedom of speech and doing nothing to stop the fraud, a treator who works for the US and the banksters, a thief who's selling all the country infrastructures paid with the french people taxes money, a genocider who's destroying France's culture, identity, ethnicity with multiculturalisme, massive african immigration and islamisation. Some cities in France are already almost 50% muslims with huge criminality and Paris looks now like Zimbabwe. He even sold the Banque de France GOLD !
Hopefully one day he will be hanged or chased like Ben Ali in Tunisia. Or maybe Madame Guillotine will take care of him.
OK, OK. You've convinced me. You keep Sarko, but you lend us your guillotine.
Oh yeah, and a basket. A wicker basket.
Thanks for taking the edge off :-) This person is demonstrating all the attributes of a troll. I'm sick and tired of hearing this kind of crap: maybe I'm still edgy over the stupid "Freedom Fries" shit, I don't know... (Walter Jones long since repented for his stirring up that shit)
We need to allow the message to come through to allow for proper debate. Bashing figure-heads allows the anti-message to rule the day (and our lives).
I don't care if Imelda Marcos called Bullshit on Dimon.
What I care about is the President of a large western country has called bullshit on the fucking criminal bankers.
Has any public figure called out this crime in public before ? If they did then I missed it.
bullshit -that was ALL going on before he even came to office . Every time he has attempted to do something he gets bitch slapped by the hardcore left .
Preach it Sarkozy.
Good question on the BofA wikileak. I've been hoping that it's something nice and juicy, but seeing as how we have a delay I'm not so sure now. Would have thougth we would have heard some kind of update by now.
Those who got bumper bonuses for seven years should have made losses in 2008 when things collapsed."
That's really rich coming from the guy that supervises PNB Paribas & SocGen. Oh .. he's up for reelection soon? Populism rears its head
..... VIVE LE FRANCE ! ........ now, if he'd only throw out the BANKSTERS ! ......... not sure, he just threw a bunch of people out of France, but I don't know who ....... if anyone knows please tell me who did he throw out & why ? MERCI !
The banksters are his friends.
Get a life! Move on! And I mean that in a constructive way. Continuing to thrash the same old shit without presenting any remedy (and no, I'm not going to off your butt buddy for you!) is broken record shit, a waste of everyone's time.
I Agree with everything you have been saying about him he cannot be trusted! He speaks lies.
Rev 13:16-18
He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name.... 666.
I believe Sarkozy is this man.
the G. Gensler is a jew. Nuff said.
I have no problems with banks and the money they make as long as these are met:
1) a dollar of risk should be backed by a dollar of real capital (not the fractional kind or that is based on some model).
2) all cds, other derivatives, assets are marked to market on a weekly basis and settled by an independent clearing house. No exceptions.
3) No off balance sheet assets, or other fancy investment vehicles.
...lol...this would mean the collapse of the western finance as it exists.
Without limitless leverage with taxpayer backstops there would be no "banks".
So you do, indeed, have a problem with banks.
what's a "market"?
just kidding. as soon as this pesky reflation gets done, i'm sure we'll all get back to normal.
actually, we're already there.
just a matter of perspective.
which is manageable, right?
devious sub plot subverting deception speech.... he meant to say "if you elect me as your president you will not suck"
Bankers are fucking useless.
I feel sorry for everybody who actually works for their living and lost everything to this bullshit.
No, bankers manage the basis for which TPTB get to get everyone else to work while they lift no finger.
Sigh, in the beginning I liked the Sumerians. I'm a cattle kind of guy. But it's all gotten out of hand, clearly we could never perpetuate interest (which is really growth), could we?
correct me if i'm wrong - it's been a long time since i've heard anyone do it, and i'm on just my first scotch and water, but - that sounds like he was talking about reality to me. too much wine for Sarko? if the French throw him out, maybe we could hire him, keep him drunk, and strap a couple six shooters on him. . . and wtf with all the jew comments at the beginning of this thread?
The Jew Baiters are looking for a "book burning", after all, why read when you already know everything.
Yawohl, mein Herr. Click, click. Lead me to the cliff.
YOU ARE THE ENEMY OF TRUTH AND THE USA. YOU WILL CHOKE IN YOUR DREAMS AND YOUR HEART WILL BE CRUSHED BY YOUR OWN BLOOD MOTHERFUCKER
Truth is crushed by your thin logic. Stalin's heathens made many a brave Aryan boy shit his pants.
How's that Thousand Year Reich thing working out for ya ? Oh yeah- it lasted 12 miserable years.
Now you see what happens when your fearless leader drinks his niece's urine ?
Don't be letting that happen to ya, next time yer up to bat.
WHAT FUCKING REICH?? FUCK HITLER FUCK THE NAZIS !!!
HITLER WASNT ARYAN AND IM NOT GERMAN.
FUCK STALIN AND FUCK YOU TOO!!!
IM AMERICAN
You aren't exactly doing us proud there, Sparky.
How about finishing up the seventh grade and then coming back.
Colonel
I junked you (out of respect).
as ZH grows and gains a following it attracts the attention of an element who want to discredit and destroy ZH. They tried before with blog-wars, then SEC info on one of the Tylers, GS even had a time when they would respond and try to reason with ZH...they lost because they lied. ZH grows.
So, over to characterising ZH as a hangout for rabid, racist, neo-nazi loons... Tucson overtones anyone?
FUCK YOU AND YOUR POS BLIND politically correct NAZIS.
JUST BECAUSE PEOPLE TELL THE TRUTH DOESNT MAKE THEM RABID OR RACIST YOU FUCKING SCUMFUCK. MAY YOU DIE WITH NO CHILDREN
Yup, he was talking about you, and you had to show up with your 2 week old membership to help him make his point. What a dumbass...
Heads Up Satansanus !!
Wow, what an intellectual delight you are. Now go back and ask you mother to wash your mouth out with soap !
p.s. CAPITALIZING A WEAK ARGUMENT DOESN'T MAKE IT ANY stronger.
p.p.s 2 weeks and 3 days. My Rotties have had Farts that lasted longer than that.
wait i am confused. i thought dying with no children is a good thing?
everyone i know who has kids always ends up moving to hell (the 'burbs) and ends up living next to a bunch of lil uneducated racist satans & their anuses (kids)
kub
And my Dad is bigger that your Dad.
Heads Up Satansanus ! What a bag of wind.
laugh it up genius you are a champion and I am the lowest of low
Heads Up Satansanus
I guess your mother died childless....
I recall stumbling upon ZeroHedge a couple years ago and thinking that this one-man band who seemingly worked 20 hours a day must be some laid off wall streeter trying to eke out a living as a blogger.
Who knew ZH would go on to be the google of blogs.
Sure, ZH is going to get all types.
Especially so now & going forward as things get increasingly weirder.
And I've seen some decrying that it's no longer hard financial figures as it started out. But apparently Tylers evolution was self induced as he followed facts to the obvious conclusion that 'we're not in kansas anymore'.
Thankfully, Tyler pretty much keeps a hands off approach to the comments section.
One has merely to look at the US Gov as an example of something 'managed' to an absurb level. Why oh why would one ever want to emulate that.
Zero Hedge regulary gets 300+ (and as many as 800+) comments to articles. REGULARLY.
It's the ONLY site I know of that can claim that, even considering the likes of The New York Times and responses by readers to even their most widely read op/ed pieces by Krugman, Rich or their other top commentators.
It is my opinion that one of the reasons why this is so, in addition to the witty, original, thought-provoking and mudraking (in the best possible way of investigative analysis) characteristics of Zero Hedge, is because there is raw, relatively uncensored commentary allowed on here.
Zero Hedge thrives, in part, because it allows free speech, dumb-witty-racist-eloquent-profane-technical-grunting-whatever, rather than trying to restrict the flow of the stream of consciousness.
It's amazing the conversions that take place when someone is facing death...
Seems to me if one is going to hate because of the predicaments one thinks we are in, one ought to start with christians.
Naw. Let's start with comedians. If they could only get off their lazy asses and slap a little shame on the banksters.
Not all banks are the same and I just think that this constant refrain 'bankers, bankers, bankers' is just unproductive and unfair
Lets see:
Mafia,Mafia, mafia
Rapists, rapists, rapists
Murderers, murderers, murderers
Swine flu, swine flue, swine flu,
Jock itch, jock itch, jock itch,
Ok....I get his point......
Now that's Funny.
LOL!
1st truth from a French person lately. Can we get the audio? Or video
Some congress needs to ask old Jamie to testify and repeat the statement
Dang. I'm getting a hankering fer some Freedom Fries with that.
Dreyfus
http://en.wikipedia.org/wiki/Dreyfus_affair
J'accuse
Now don't be confusing a Jew Baiter with the Dreyfus Affair. Justice is not in their lexicon.
There is a pattern.
History repeating itself.
Just look at the ensuing discussion.
What's the cause, what is the symptom?
Chicken vs. eggs
1) Rooster
2) Chicken and Eggs
Now THAT'S FUNNY !
Rocks!
Paper, Rocks, Scissors... I'm thinking that rocks came from the Stone Age, which predated the others :-)
Summoning the powers of the internets to echo this proclamation, I hereby proclaim this July 4th, 2011 National Sue JP Morgan Day.
What's your life like that you sit there hours on end pasting the SAME thing over and over?
We got it, you're going to sue JP Morgan on July 4th, 2011. Please let us know how your case goes.
They're everywhere. Orange jews, grape jews, and especially the goddamn cranberry jews, which is mixed in with everything else.
My wife must be a jew(ess). She keeps taking by money.
Just how prejudice can people be? Shit man, what? No mention of apples! I guess that that shows your REAL colors!
Thanks for the chuckles...
And anyone on this board thinks Jamie Dimon cares about what Sarkozy says for what reason?????? France is a country, they have good food, good champagne and..............well, their women are "passionate"...........what does that have to do with a TBTF bank????? Actually, Jamie Dimon, when he takes a constitutional every morning, drops about 4 or 5 Sarkozy's right down the porcelain drain...........................
Jamie Dimon, typical Wall Street philosophy, now that we're OK everyone else must be OK too. Never mind the huge pile of crap we left in our tracks and continue to do so. All you have to do is keep wading through it and one day you might join us in paradise.
...DImon along with tax-cheat Geithner and the bernanke form the trio of deceit and corruption RUNNING the US; so if Sarko attacks the big D: he's really attacking the Administration !!! now who will be next...Merkel?
Will she ever get her gold?
Sarko is Merkel's mouth piece.
She can't say it herself because of German history. It would cause a serious RIFT.
The US administration is standing on very very week foundation right now.
The Arabs are breaking rank and will look to Europe for support, mainly France and Germany.
China and Russia ARE propping up Europe.
The stars are lining up in a completely different universe right now.
Can't have your cake and eat it too.
That French midget...
France is a c-hair from a bailout. Trying divert attention, blame the banks blah blah, f**** these countries.
French know how to party riot style, then short the CAC
IF you took Jamie to paradise he would complain about the bugs and wild animals and demand to go back to NEW YORK
Heads Up Satansanus !
Bugs in Paradise... so you've been there.
C'mon Zero hedge, please get rid of the "flag as junk" thing. Were all adults here, and the age of certain people whom post will clearly be reflected in their post and not be taken seriously. This is the internet, and while I respect your forum, you will always have trolls and immature people. In my eyes, the "flag as junk" thing is just a way to sling mud at another person if you do not agree with their comments, therefore it does not necessarily have merit. It's just like the exciteable douche bags in Los Angeles that like to use their horn alot, extremely annoying.
I agree with you. But what irony that you get junked for it! Ack!
Jeez... and I thought "junk" was a sign of respect....
Ya, Seer, I junked ya. Good eye, my friend.
Why are so many so called ZH people douche bags (based on the comments)? Maybe they don't read the posts, because most are so off topic, it's not even funny. Sorry, but a lot of people who comment on this site come across as pure racists, fools, hacks, and just plain stupid. I guess that says a lot about America.
They're All Hired Trolls
That is just all the trolls hired by:
All paid to write outrageous and racist troll crap on ZH to discredit Tyler's fine work and demonize the readers...
And it is our job to SLAM DUNK THEM !
We need Denzel.
Man on Fire
Ya. It's quite amazing how people are focusing hatred at the wrong people or generalizing and how them doing that says a lot about america. Which is a nice way of saying hey america you are responsible for getting your malcontents under control or you'll be viewed badly. Which is way of pointing a small group of people who are pointing at a larger group of people controlled by pointing the huge group of people at them. It's little gang points at big gang who points biggger gang back at little gang.
It's not Jews that are to blame, but a minority offshoot of the Jewish race. Jews in general they are probably the biggest victims of these 'Edomites'. They derive from Esau who traded his birthright to Jacob when he was starving having escaped from Babel with the cloak of Adam, being hotly pursued for 5 days when he arrived back home and made the trade. It is the descendents of Jacob who questioned God how long they would be under the thumb of these 'Edomites', the answer of which is until the end of days. We all suffer along with the Jews since Christ who made us all chosen. It was the Edomites who claimed the land of Canaan where the hold overs of the children of fallen angels lived as giants, personified in Goliath who David slew. It was Canaan that was the center of sin, of Sodom and Gomorrah, the land that was given over to Joshua and the Israelites. But the Edomites did not vanish. They became the high priests who knew who Jesus was, and conspired against him. It was the Edomites as the money changers in the Temple whom Jesus evicted in his own indomitable style. It is these same Edomites, of Jewish decent who plague the world today. When you see a Hymie Dimon, or a Lloyd B, or B. Baranke, T. Geithner, et al, this is where they are from. They are not attached to the earth, but the wealth of the world. When Lloyd B talks of doing god's work, it is right to question to which god he refers. His god is not the God of Abraham, but the god of Edomites, Canaanites. Their god can be a serpent, a man, a swan, a bull... all those manifestations of gods, of fallen angels in our literature. That is their god. You clear those Edomites out and you go a long way towards freeing the Nation.
But its so screwed up now I think it will take a New Revolution.
Their god is money. If $100 is good, then $100 Trillion is better... No ?..
Don't know if you're going to get a New Revolution, but the cinch is tightening.
Too bad he didn't fuck up in Taliban territory
http://www.dailymail.co.uk/news/article-1350945/Horrific-video-emerges-T...
WOW - I inadvertently started the same shit that was annoying me. . . I get on here to read about/reflect on/hear other thoughts about the shitty world situation. honestly, I saw this as the inevitable some long time ago and have wracked my brain trying to think of a way besides rioting to flip the switch back to sanity. . .I don't see Americans doing it until it's way too late. Wonder if everyone (at least more than half) stopped paying any bill/buying anything - no financial transactions of any sort on the same day -? and on continuing days until demands were met. It would have to be clear and organized - maybe market to the masses in such a way they would get behind it even if only for some stupid reason. People could prepare and I don't think it would take very many days to cause a stir. Would it work? How many days would it take? BK had his pay-the-bill-wrong-by-a-penny idea. . . I don't want too see it get too late for sane people to get together and have a plan. Can we talk about that?
I was advocating this to avoid the spawning of the illegal war in Iraq, to no avail... The price of ignorance is pain, and with all the ignorance that I see out there, there's most definitely going to be a lot of pain. Sad, really, as it'll be the children who will suffer the most (we're already piling debt on them).
But... stopping something is but a bandage. We've got to accept that we have to educate ourselves that we cannot have infinite growth on a finite planet. Failure to understand this means that we'll, if we're lucky, continue to operate in a Sisyphusian world... (continuing meaning that we won't blast ourselves out of existance)
Sarko nails it on the head, nothing but big money when times are good no losses when the shit hits the fan. Even worse stick the losses to the public because we could not possibly be that stupid to get into a situation like that when we are doing gods work. The thought that these cunts who claim themselves Traders at the TBTF Banks can pull it off should have enraged people into rioting and dragging their sorry asses to prison but I expect too much from the common person. As a Trader who takes losses, sometimes bigger than I want,I find the current situation worse than Communism. It is not about "Free Markets" its about " Fair markets" These cunts who run the TBTF Banks rammed this bullshit about Free Markets down our throats at the same time they took over the Specialists and Open Outcry Exchanges and forced Electronic Trading up our asses. It is not a coincidence that Volatility is out of control in the Commodities markets and that there is a complete lack of Liquidity in Equities. Banks have never made money being "Fair" they Front Run and Fee simple as that and when they got the fucking morons in Washington from, Reagan , Bush I, Clinton, Bush II, to repeal the Glass Steagall Act the shit hit the fan because these cunts dont know how to take a loss. They cannonballed every losing position until the whole system blew up then left the ruins for the puplic to eat while never giving a god damn cent back. They were not only Jewish by the fucking way. Race or Religion had nothing to do with it. These pricks that Sarko called out deserve more than a little tounge lashing
Harry- Nail on the Head my friend, nail on the head.
Sarco's outburst might have been unseemly for the Davos crowd but it is one more indicator of a system bursting at the seems. Pun intended.
I absolutely share your outrage, but Mr Sarkosy`s outrage is political posturing. It does not matter that what he says is true. `Watch what he does dont listen to what he says` applies to ALL politicians of every colour. Does he take political donations from the French TBTF banks? Did not SocGen and BNP recieve face value on a load of worthless MBS from the fed. Did not the Frech treasury recieve handsome tax reciepts from the French TBTF derivative traders. Thankfuly I left the financial markets a decade ago, in my time as a LIFFE floor trader (corpoate and local) I saw some gifted and hard working traders thrive and some lazy uneducated traders do even better by constantly frontrunning orderflow. This was especialy rife in the short interest rate back month spreads. The Banks desire to make that market electronic was driven by a desire to capture that front running ability for themselves. Now almost all the big option trades are pre arranged and never show on the screen untill the fill print goes through. Job Done. After the floor I made markets in OTC interest rade derivatives (the fairly basic/high volume ones) at a French TBTF and then a US TBTF. The culture in both places was exactly the same - So for Sarkosy to criticise Dimon is a joke, unless of course he is cleaning house in his own Banking system. Which he is not.
" but Mr Sarkosy`s outrage is political posturing."
Separate the message from the messenger! Who cares what his or anyone else's motives are for communicating realities?
It's not like I'm holding my breath for Sarkosy to have some sort of full conversion, but it DOES happen to people. But, again, that's not what we care about, we care about having a REAL discussion, which would almost certainly lead to MAJOR changes.
.....Bankers Made World Into Madhouse
Gee Wally, he might have a point.
Dimon lashed out at persistent bank bashing:
"unproductive and unfair.. Not all banks are the same!"
While pointing a big finger at LLLLL-LA-Lloyd's back while said Goldman CE-Douche-O was scarfing the canopies and checking out the European Cashmere Toupee collection...
yeha my little town bank with the crazy perk that they pay you back ANY atm fees when you use their card.. those banks aren't hell belt on screwing their customers.. burn the big banks
Tyler,
Thank you for reporting this story. Apparently, J. Dimon breathes the most rarefied of air.
Let the lawsuits come. Let his name go down with his corrupt bank. All true blues should be shooting at these shares on every lift...until it is gone or, more likely, it is pulled into the Federal Reserve dry dock.
This was truly the most disgusting headline of the day.
cdad
" rarefied of air."
Classic...
It it wasn't for fraud as business model, TBTF, an elite ruling class that only fails upward, and ZERO "Empty Suit" Holder enforcement...
Jamie, Lloyd & Robert "The Rube" Rubin would be left to their only talent...
Amerika's Shoe Shine Boys...
Dry Humor, with polish...
Hey Kayman...
How come I made the Ad Hominem attack and they <JUNK>ed you?
The <JUNK><POLICE> ain't what they used to be...
Prob
I guess they just don't like you. But I am happy to share some with you...
Hats off to Sarkozy for speaking the truth.
The governments around the world will now realize that if the banks and financial institutions are not refrained from speculation, their activities are likely to bankrupt countries causing hardship to a majority of the population.
They are likely to become a major pain for the politicians and central bankers themselves, the very class of people who let the banks exist in their present form after repealing The Glass Steagall Act in 1999 and allowing them to thrive under their patronage.
http://www.marketoracle.co.uk/Article24581.html
Agreed...hats off to him....although, as an American, it is painful to take direction from that source. Perhaps, America will choose to lift up her head and shake off this squid.
I haven't read through all the comments, but has anyone said that....(gasp).... Sarkozy is.... right?
The French are smart, which is why we're supposed to despise them.
They're the ones who started demanding payment in gold in the 60's before Nixon closed the gold window.
We should all be Frenchmen!
---------------------------------------------
New trading room using ThinkorSwim opening soon.
http://www.tosfuturestrading.com/alpha.html
so this entire thread got trashed over the Jews and one idiot?
off topic, bullshit verse the truth... fucking wonderful...
If we did any new readers who wanted to know the truth, suffering this idiots shit would be to, too much to suffer.
Tyler, NUKE HIM!
Thanks, JW
Don't worry JW I' m new here and can see right thru the BS. Where do you think OJ's defence team learned how to smoke screen the truth? These TDTF banks are going to take down the whole system before they will admit they would go bankrupt if they had to operate in unrigged conditions. Now they are wiping out all the middle class wealth to save their own bacon, As Martin Armstrong says these scenarios have all been played out many times since fiat money was created, and they all have failed. Physical gold and silver insulate us from this conjob that is taking place. Keep up the good work Tyler, this website can be counted on to bring us the straightshooting facts.
Fiat just works on the larger Ponzi that is infinite growth on a finite planet. It, like capitalism, is just really good about pushing growth (and together they kick ass!).
I do not believe that TPTB have it "out" for the "middle class." The "middle class" is what has kept the poor from storming their gates, they're the buffer!
What's happening is that the Ponzi Growth Game has stalled, and it's been the "growth" mechanism that has created the "middle class." The only way that this is all going to be addressed, if you can call it that, is to obfuscate, and the fog of war is really a good tool for doing just that... but, there needs to be a sufficient enough boggy-man created. Sigh, violence and war (I repeat myself) is the only thing that TPTB will accept, as anything else would mean their loss of privilege (loss of power).
I am too tired to utter a refined, eloquent, or deeply thought out opinion.
Without getting into the specifics, which I am 100% confident I could support in a debate against the sharpest mind out there, Jamie Dimon is a piece of shit, motherfucking, welfare queen, whose career and the very institution he is employed by have relied on government funding AND protectionism, in a myriad of ways, before, during and since the financial crisis.
If not for the government, Dimon would have to con his living in another manner, most likely far less financially rewarding, and actually requiring what might amount to hard work.
Fuck you, Jamie Dimon, you sack of shit. And fuck that whore, Blythe Masters, too.
Manipulating, thieving, lying pieces of shit...
.
He's putting soem pride into it. He wants a nation of France to survive. Only with price can than exist.
Before all those present begin walking down the lane with Nicolas Sarkozy, it seems appropriate to learn a few facts examining some of his recent activity.
Mish wrote this week: Sarkozy Calls for G-20 to Regulate Commodities, a New G-Club to Tackle Currencies…
“French President Nicolas Sarkozy is now convinced the recovery is real and the only thing left to do is tie up some loose ends. He thinks the most pressing G-need is for the G-20 to regulate commodities and that is the right size of the group.
"In contrast, Sarkozy thinks the G-20 is too large and unwieldy to tackle currencies. He proposes a G-5 or G-14 or some other unknown G-number hoping to hit the magic G-spot."
http://globaleconomicanalysis.blogspot.com/
As Jesse’s Café Americain puts it, “It is a mistake to view what happened as some accident, or a natural development. It was a pre-meditated campaign to subvert the economy and the political protections of the vast majority of US citizens.”
Ask yourself, who are the players? Who are the central bankers, the heads of the IMF, the World Bank…? Who are the principals of the TBTFs, the owners of the Fed? Who controls the power centers and political elite of in the US? Who are the perpetual winners; the perpetual losers?
Because of Sarkozy’s dominant takeover as point man on the European bailout, he’s being thought of more and more as an economic insider, as more than a political insider.
It was French President Nicolas Sarkozy and then president of the European Union who said on September 26, 2008: “We must rethink the financial system from scratch, as at Bretton Woods.” And then he called for a new international monetary system--the ultimate grab by the international financiers for all the world’s finance marbles. At last year’s World Economic Forum in Davos 2010, he called for creation of a World Environment Organization (WEO) as powerful as the World Trade Organization (WTO).
i have no doubt many interests combine in an attempt to engineer financial control and political power - but keep in mind that just as often these same interested parties clash - this sarko outburst seems to be evidence of the latter, and you rightly cite some examples of the former - inflation is a cruel mistress - watch this good crises waste some of the most powerful
not every potentiality of a disaster can be engineered or taken advantage of, especially given the variety of powerful interests that need to align