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#AskJPM Fiasco Provides Blueprint to Rein in Criminal Banking Behavior

smartknowledgeu's picture




 

The #AskJPM debacle that JP Morgan cancelled earlier this month due to embarrassment and humiliation regarding the mountain of questions they received in regard to their criminal actions provided a gift to all of us. American Indian tribes did not have jails due to the impracticality of having permanent prisons when their way of life called for a nomadic lifestyle. However, this, by no means, implied that everyone in their tribes acted as angels and committed no wrongdoing. It did however mean that they found another extremely effective solution in dealing with criminal, misanthropic behavior without the threat of imprisonment. For all intents and purposes, Western bankers, having bought out all judges and regulatory and judicial bodies today with their unlimited wallets, have no jails for them today as well, although this clearly is not the case in the East, where a Vietnamese banker faces execution for fraud.

 

However, in looking towards how American Indians handled the problem of criminal behavior within their society effectively without the use of prisons, and given the outcome of the #AskJPM twitter session, I believe that we now have a blueprint to rein in the sociopathic behavior of unrepentant bankers.  I explain further in the video below.

 

 

 

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Mon, 11/25/2013 - 14:02 | 4188217 Loose Caboose
Loose Caboose's picture

I usually really like this guy's presentations but this idea is naive at best.  As someone pointed out, sociopaths do not feel shame.  Did you see any shame at all on the faces of the ones in the videos being yelled at?  It only makes the confronter look like a lunatic or tin-foil hat wearing conspiracy theorist.  They will only start using the back door or get their toadies to run errands while they stay at home in their walled estates. 

The only thing that these "things" care about is money and power.  We could do much more by withdrawing any funds we have in these institutions immediately and start an underground method of exchange to circumvent these criminal institutions and starve them for deposits and fees.  Starve the beast. 

Same with the government.  Find ways to reduce taxes or avoid them altogether.  A tax revolt would be a great idea if a critical mass of participants could be reached. 

We have a global mafia running things, folks.  Shame is a word that does not exist in their world. The message is well-intentioned but will never make a difference.  

Mon, 11/25/2013 - 20:24 | 4189316 JR
JR's picture

Great comment,and good points, but I thought that video was wonderful; I like the way he repeats things, so that you get it. I really admire that approach. And I liked what he had to say; it's been long overdue.

As for ostracization and ridicule, here’re are...

Saul Alinsky’s Rule for Radicals:

  1. “Power is not only what you have, but what the enemy thinks you have."
  2. “Never go outside the expertise of your people.”
  3. “Whenever possible, go outside the expertise of the enemy.”
  4. “Make the enemy live up to its own book of rules.”
  5. “Ridicule is man’s most potent weapon.”
  6. “A good tactic is one your people enjoy.”
  7. “A tactic that drags on too long becomes a drag.”
  8. “Keep the pressure on. Never let up.”
  9. “The threat is usually more terrifying than the thing itself.”
  10. "The major premise for tactics is the development of operations that will maintain a constant pressure upon the opposition."
  11. “If you push a negative hard enough, it will push through and become a positive.”
  12. “The price of a successful attack is a constructive alternative.”
  13. “Pick the target, freeze it, personalize it, and polarize it.”
Mon, 11/25/2013 - 12:08 | 4187886 kchrisc
kchrisc's picture

These sociopaths won't even get it when they're waiting for their turn at the guillotine. That is the ones that can't or couldn't 'return.'

Shunning them may be fun, but they must be removed from their positions of theft and power. They then will also need to be cleansed from society.

Mon, 11/25/2013 - 12:03 | 4187873 no more banksters
no more banksters's picture

"...with the help of JPMorgan, Italy was able to do more than that. Despite persistently high deficits, a 1996 derivative helped bring Italy’s budget into line by swapping currency with JPMorgan at a favorable exchange rate, effectively putting more money in the government’s hands. In return, Italy committed to future payments that were not booked as liabilities."

http://failedevolution.blogspot.gr/2013/11/a-short-story-of-how-country-...

Mon, 11/25/2013 - 14:21 | 4187846 el Gallinazo
el Gallinazo's picture

Shaming a psychopath?  Lots of luck.  A functional definition of a psychopath is a person who cannot feel empathy for fellow human beings or shame or remorse for their atrocities and acts of cruelty.  However, non-compliance with their schemes with whatever level of courage one has at any moment and educating others as to the shit really going down on this planet is the only effective course.  Like many species of vermin, and the mythical vampires that they are, they can only function in the dark.

Mon, 11/25/2013 - 11:40 | 4187797 Tall Tom
Tall Tom's picture

It is amazing just what people will do for money. The shunning will not happen as most people which I encounter have absolutely no hesitancy to take other people's money.

 

The immorality in the Banking System is a Direct Correlation to the immorality inherent within our own population.

 

Shunning will not work as most will look the other way. The determining factor is Price. The American is not just enslaved but has turned into a Nation of Prostitution. The people will excuse their immorality through the justfication, "If I do not do it, then someone else will."

 

Those that justify it have no problem waking up and looking in the mirror every morning. Those whom refuse end up without an income and starving because they are not LIKED by the people whom prostituted themselves.

 

Thus THERE ARE NO POLITICAL SOLUTIONS...NONE...ZILCH...NADA...ZERO. The ENTIRE SYSTEM needs to burn out and to cumble into ashes so that it can be thrown into the dustbin of History where it rightfully belongs..

 

So...Enjoy your luxuries and take a real good look in the mirror this morning.

 

As you drive your car and leave your home just know that you have sold yourself and supported the Current System. You can justify it any way that you choose, prostitutes. (There may be some exceptions. I am not one and what I see in the mirror DISGUSTS ME.)

 

Have a good morning as you play the game and chase that Almighty Dollar. But understand that you do evil willingly...without excuse. Call yourself for what you are.

Thu, 01/09/2014 - 19:41 | 4317406 MeelionDollerBogus
MeelionDollerBogus's picture

Too true.
It's not impossible to live apart from the corruption but it is difficult.
Most won't even try but if you don't dare to try how can anyone believe it can be done?

Mon, 11/25/2013 - 14:39 | 4188340 el Gallinazo
el Gallinazo's picture

Let he who has not sinned, cast the first stone.  As a self-admitted sinner, take it easy on the congregation.

Mon, 11/25/2013 - 12:29 | 4187956 Randoom Thought
Randoom Thought's picture

The US and the world are being transitioned. Personally, I dislike money for what it is and what it does to people. The only way I can see to not allow it to have power over you, is to take what the world gives and do not let jealousy, fear or greed make you go looking for more.

A tough order for a human animal that is pounded day and night that we should always want something more or different than we have or that we are. We are so easily manipulated.

Mon, 11/25/2013 - 14:27 | 4188298 el Gallinazo
el Gallinazo's picture

Well, one can start by giving your idiot programming device box to your worst enemy.  If I still had one today, I would mail it to Lord Bankfiend.

Mon, 11/25/2013 - 11:33 | 4187767 Trimmed Hedge
Trimmed Hedge's picture

I didn't watch the video..

Are physical violence, kidnapping & torture of the guilty & their family members part of the American Indian way?

Mon, 11/25/2013 - 14:35 | 4188329 el Gallinazo
el Gallinazo's picture

Depended on the tribe.  Among the Lokata and Apache, torture was quite common for warriors captured in battle or trespassing on their lands.  They didn't mess with the women or children.  In a  hunter-gatherer culture, exile was paramount to execution as few could make it totally isolated.  Since hunter-gatherer clans rarely exceeded 150 persons, and they all knew each other intimately, it was almost imposible for a psychopath to hide himself over time.  And they were dealt with.  David Rockefeller or Jaime Dimon would never have made it to the age of 25 in a Lokata tribe.

Mon, 11/25/2013 - 10:46 | 4187633 Quinvarius
Quinvarius's picture

I just turned down a job offer from JPM saying that "I could not, in good conscience, accept a job working for Jamie Dimon."  It was a good pay bump too.  But I'd rather eat out of garbage cans than sell myself to that asshole. 

Mon, 11/25/2013 - 11:03 | 4187679 Skateboarder
Skateboarder's picture

Plus, we would come for you if you chose the wrong camp anyway. :)

Mon, 11/25/2013 - 10:40 | 4187604 RaceToTheBottom
RaceToTheBottom's picture

I wish it was so, but it took a lot of people leaving BOFA for fees to change their behaviour.  Also, I doubt much of the banksters money have anything to do with retail money.  Therefore the retail lever at the CEO level comp is not too large. 

This is especially true with pension funds and all those separating the retail user from the decision making process. 

I wish it was true, but has the public treatment of Kerry Killinger or tan boy Angelo Mozilo restricted their movements any?  Their spending of any money?

Fri, 01/10/2014 - 19:24 | 4321207 MeelionDollerBogus
MeelionDollerBogus's picture

the theme I get is that enough shamers/shunners in their face just makes them scared a riot will be coming. They're not ashamed but they are scared of anti-banker riots flash-forming around them.

Mon, 11/25/2013 - 10:27 | 4187559 toady
toady's picture

#askjpm why was gold monkeyhammered last night?

Mon, 11/25/2013 - 09:46 | 4187437 Dan The Man
Dan The Man's picture

Public shaming works. in the internet age, it could work quite quickly.

Knowledge is the key.  Too many are still in the dark about how a corrupt banking system affects them.

Mon, 11/25/2013 - 08:56 | 4187336 sunnyside
sunnyside's picture

I don't think that they feel anyway humiliated over what happened.  They don't and maybe never will get it that they are not entitled to whatever and however much they want.  Blame it on a few kooks or the unwashed masses and head to the Hamptons.

 

Mon, 11/25/2013 - 08:48 | 4187329 flacorps
flacorps's picture

How is a resident of Watts able to shame a banker in Palm Springs?

Fri, 01/10/2014 - 19:26 | 4321213 MeelionDollerBogus
MeelionDollerBogus's picture

Maybe run at them wearing Jamie Dimon masks, screaming "that's why I'm richer than you!".

If they freak out then tell them "see? It scared you, how do you think we feel?"

Mon, 11/25/2013 - 08:48 | 4187328 Amagnonx
Amagnonx's picture

Attacking them verbally in public will have no impact.  Also as noted above, it is the BOARDS OF DIRECTORS who need to be attacked directly, and that is certainly not limited to the banks.

 

General Electric, Coke, Westinghouse, Monsanto to name a few - the board members need to be targeted.  I dont believe verbal attacks will work, but I do think direct actions against them can work - it just needs to be comensurate with their crimes.  Considering their crimes are mass murder, then a poportional response would certainly be effective.

Fri, 01/10/2014 - 19:31 | 4321224 MeelionDollerBogus
MeelionDollerBogus's picture

sokkomb - roll the guillotines

Mon, 11/25/2013 - 13:17 | 4188087 freewolf7
freewolf7's picture

I believe the benefit of doing this publicly is not so much about shaming them--good luck, they're sociopaths.

Rather it's about fostering a growing awareness. As Bush and Connelly have said: If they knew what we were doing, they'd revolt today.

Mon, 11/25/2013 - 08:28 | 4187306 XitSam
XitSam's picture

Bullshit.  The government claims a monopoly on use of force and the bankers are in league with the government.  The government won't allow the people to do the deed and the government won't.

Shunning is a good idea, but the bankers can afford to pay someone to work for their side. Their won't be enough people with backbone to make it work.

Mon, 11/25/2013 - 12:01 | 4187865 kchrisc
kchrisc's picture

They're losing their monopoly.

Mon, 11/25/2013 - 20:57 | 4189379 XitSam
XitSam's picture

O RLY? With even rural police and sheriff departments getting MRAPs, drones and other military gear, it seems to me like they are getting ready to double down.  (And are they ever drooling over drones.)

Tue, 11/26/2013 - 18:55 | 4192126 kchrisc
kchrisc's picture

What I meant was that the attitude of some of their subjects is changing and they are well armed.

Mon, 11/25/2013 - 08:16 | 4187285 skipjack
skipjack's picture

Shunning is a very effective tool. Do not serve these people in their local communities...do not: cut their grass, serve them a meal, wait on them in stores, give them cold shoulders and verbal pushback on the streets where they live. In other words, humiliate them and shut them out at every location they go.

Mon, 11/25/2013 - 13:00 | 4188049 JR
JR's picture

You mean like Richard S. Fuld Jr. of Lehman on the street where he lives, who said. “I take it as a personal failure to lose money,”where on the morning of March 17, 2008, justice would declare he should have been headed to prison instead of for work?

That Richard Fuld, who early on that morning -- at 5 a.m. -- departed from his twelve-acre Greenwich estate with its twenty rooms, eight bedrooms, a tennis court, a squash court, and a pool house –one of five he owned—to be chauffer driven to deal with a possible run on banks and the bankruptcy of Bear Stearns, the smallest of Wall Street’s Big Five investment houses?

Richard Fuld who, among past winners of Fed largesse and insider information soon to be scapegoat along with Ken Lewis, on that morning was headed “right onto North Street toward the winding and narrow Merritt Parkway, headed for Manhattan”…starring “ out the window in a fog at the rows of mansions owned by Wall Street executives and hedge fund impresarios,” as described  by Andrew Sorkin in Too Big to Fail?

Where “most of the homes had been bought for eight-figure sums and lavishly renovated during the second Gilded Age, which, unbeknownst to any of them, lest of all Fuld, was about to come to a crashing halt.”

And where now, all but a handful in the financial sector, thanks to U.S. taxpayers and the ownership of a printing machine, are still enjoying, on the streets where they live, a financial sector  share of corporate profits that has risen to a new peak in the $450 billion range, according to the U.S. Dept. of Commerce, Bureau of Economic Analysis?

http://www.yardeni.com/pub/ppphb.pdf

http://nymag.com/news/business/52603/#

Fri, 01/10/2014 - 19:35 | 4321238 MeelionDollerBogus
MeelionDollerBogus's picture

he's simply drowning himself in all the shame on the way to the swim-up bar. Oh wait, that's the blood of his slaves he's basking in.
Nevermind.

Mon, 11/25/2013 - 09:53 | 4187461 Bearwagon
Bearwagon's picture

And don't ever hesitate to land them one in the face!

Mon, 11/25/2013 - 08:15 | 4187284 Bangin7GramRocks
Bangin7GramRocks's picture

Jamie Dimon looks so shamed dining at Buckingham Palace.

Mon, 11/25/2013 - 08:06 | 4187273 fijisailor
fijisailor's picture

It is a good idea to publicly humiliate bankers however their bosses are the boards of directors so they need to be reached as well.  Also for the salaries they are making I believe they are willing to be humiliated and it does not affect them too much because they use the justification that only "fringe extremists" bother them.  They and their boards need LOTS of pressure.  It must be overwhelming.

Mon, 11/25/2013 - 07:57 | 4187268 new game
new game's picture

sociopathes by definition have no bounds-wish/think and then realize...

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