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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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SarcCozy and his bro probably wrote that whopper together
http://www.businessinsider.com/banker-brother-olivier-nicolas-charlotte-...
Goldman Sacks of shit, the Vampire Squid On shit breathers like the ‘shit blender’ http://forum.prisonplanet.com/index.php?topic=163169.msg1186190#msg1186190
I just want to point out that Sarkozy is a former Bilderberg member. This is nothing more than political grand-standing. I can show you a video of Sir Rothschild giving exactly the same speech. Hell, they gave the private federeal reserve almost unlimite regulatory powers under this rhetoric.
So, does this not mean that Dimon is a sack of shit?
i'm interested to know why you think sarko came out with this truth, follow your own advice and expand on the post instead of policing all the cynical defeatists
I'm guessing, and to be frank, I don't follow the politics of France, is that nation states are starting to crumble, and this is the fraying of the edges. The French can put a LOT of pressure on their politicians, and Sarkozy is looking around and thinking that he's got to distract the hungry mob from his sorry carcass.
It's how it always goes down. Throw stones at others in order to take the focus off of oneself. But... Sarkozy has an easy target, and one that's hard to dispute that deserves that attention. The message holds, but the messenger is yet another bag of shit...
BTW - I could run circles around the cynics, exceeding their capacity. Consider the fact that I give ZERO odds to mankind EVER figuring out how to deal with managing sustainable populations. Everything here is just small stuff, symptoms of the disease, the disease of which nobody wants to talk about, even the so-called big cynics.
this sir, is a great comment:
"It's how it always goes down. Throw stones at others in order to take the focus off of oneself."
At the same time, I don't think our "leaders" who just ignore the problem are any better.
yeah this won't go over well at the next face to face with mr david rock, can you hear the pin drop . . . i sincerely hope it's not from the grenade planted in the heart of the grand western experiment - i try to enjoy my privilege through the guilt.
well well well another diminutive traitor is a member of the tribe too, what a coincidence!
http://www.rense.com/general76/aj.htm
and the writer of that piece was suicided,
who coulda done that?
http://kennysideshow.blogspot.com/2010/04/curt-maynard-kills-wife-self.html
well well well another diminutive traitor is a member of the tribe too, what a coincidence!
http://www.rense.com/general76/aj.htm
and the writer of that piece was suicided,
who coulda done that?
http://kennysideshow.blogspot.com/2010/04/curt-maynard-kills-wife-self.html
Fuck off and die, Nazi filth.