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Jamie Dimon: "That's Why I Am Richer Than You"

Tyler Durden's picture


There's a reason why Wall Street is so "beloved" by 99% of the people, and that reason is today best summarized by Jamie Dimon's 'witty' retort to Mike Mayo, perhaps the most hated banking analyst, who asked the JPM CEO a simple question - why affluent customers would not pick UBS over JPM due to a mismatch in capital ratios, to which Dimon's response is even simpler: "that's why I'm richer than you." No logic, no rationale: all about the bottom line, which to Jamie at least is all that matters. As for Mr. Dimon's pending application to purchase a Micronesian private island, we would surmise that the wealth mismatch is far more due to the too big fail banking system which means every time Mr. Dimon uses hundreds of billions in excess deposits to corner the IG9 market or to pursue any other uber-levered venture which blows up in his face even as the firm's highly accurate VaR.xls spreadsheet outputs the RAND() function, the government, also known as JPM's OpCo 1, will rapidly rush to bail him, and his riches, out.

Clip below:


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Wed, 02/27/2013 - 09:10 | 3281260 ParkAveFlasher
ParkAveFlasher's picture

You're all class, Jaime.  Somebody piss in his bisque already.

Wed, 02/27/2013 - 09:12 | 3281270 GetZeeGold
GetZeeGold's picture



We'll just have to pay for it.....and the clean up to boot.

Wed, 02/27/2013 - 09:15 | 3281283 espirit
espirit's picture

From the ZH Frontrunning article:

* Jamie Dimon, the chief executive of JPMorgan Chase & Co , vowed to change how the bank deals with Internet-based payday lenders that automatically withdraw payments from borrowers' checking accounts.

Turf Wars (2013), Bitchez Publishing.

Wed, 02/27/2013 - 09:47 | 3281378 willwork4food
willwork4food's picture

Personally, I think Jamie would look smashing with a .9999% pure silver cow prod jamed up his ass.

There, another industrial use for silver bitches.

Wed, 02/27/2013 - 10:00 | 3281405 Big Slick
Big Slick's picture

When those 'in charge' cannot engage in reasonable debate you know the endgame is near.

This exchange reminded me EXACTLY of the one between Jeff Skilling and analyst Richard Grubman during an Enron earnings call:

RG: "You know, you are the only financial institution that can't produce a balance sheet or a cash flow statement with their earnings.”

JS: "Thank you very much, we appreciate it ... as$hole."

Examine the history of the Enron demise for a great case study on what is about to happen to the US as a whole.

Wed, 02/27/2013 - 10:00 | 3281429 jcaz
jcaz's picture

Always fun to watch a douche flame his own image..... 

Oh wait- he already did that when he admitted he wasn't smart enough to track the Whale......

Wed, 02/27/2013 - 10:06 | 3281450 krispkritter
krispkritter's picture


According to the Controller of Currency and National Banks, here are the stats for the following banks as of September 2012:

JPMorgan Chase

Total Assets: $1.85 trillion dollars

Total Exposure To Derivatives: $71.07 trillion dollars

Oh yeah, the new definition of 'rich'...


Wed, 02/27/2013 - 10:08 | 3281463 flacon
flacon's picture

You know how we “hate” the bankers because they have ruined our economy, and when they get in trouble they always get a “bail out”. One of the worst banks is Goldman Sachs, and the CEO of Goldman Sachs is Lloyd Blankfein. Well I was doing some research over the weekend to see what sort of person he is. I came across this video interview with him. Remember, he’s a “Six Sigma” kind of guy, the epitome of American corporate workplace. Take a listen to this part of the interview about PERSONAL RESPONSIBILITY. I think he’s a psychopath who was trained at a young age that it’s “MY IDEA IF IT WORKED, AND HIS PROBLEM IF IT DIDN’T”. That is carte blanche seeing into the soul of pure evil. It’s “Heads I win, tails you lose.”. And to think that he actually admitted it, in public, and now you are going to watch it. These people need to be torn to pieces in the public square and their assets burned, fields salted and all their awards burned.


The last thing he advises is that when things look horrible, you MUST COVER IT UP or people will “jump out the window”.


Oh this guy is going to burn in Hell hotter than Satan!


Check this out


Forward to 3:50 – 5:15

Business: Corner Office: Lloyd Blankfein

Wed, 02/27/2013 - 10:13 | 3281478 Big Slick
Big Slick's picture

"How funny is that?"

Not funny at all.  Can't wait to see these CNBC clowns when it starts to unravel.  "How funny will that be?"

Wed, 02/27/2013 - 10:14 | 3281480 Manthong
Manthong's picture

OK kids, todays quiz:

What is a four letter word to describe a person who demonstrates in word and deed  a) narcissism, b) a lack of empathy, and c) that he lives in a world of his own mental superiority, apart from most every other person on the planet?  

Hint: it begins with E and includes the letters V, I and L.

Wed, 02/27/2013 - 10:22 | 3281505 espirit
espirit's picture

Warning!  The following link will elicit a gag reflex.

Use sparingly...

Wed, 02/27/2013 - 13:53 | 3282344 12ToothAssassin
12ToothAssassin's picture

"Im richer than you" is one of my favorite argument reasonings

Wed, 02/27/2013 - 14:35 | 3282519 EscapingProgress
EscapingProgress's picture

Absent QE JPM would be insolvent. I don't understand why Dimon thinks he is such a badass. He is a beggar in a nice suit.

Wed, 02/27/2013 - 16:45 | 3283126 12ToothAssassin
12ToothAssassin's picture

A nice suit and Presidential cufflinks

Wed, 02/27/2013 - 18:41 | 3283513 phyuckyiu
phyuckyiu's picture

At first since the picture was blurry, I thought it had a masonic square and compass, but after reading the dailymail link I see that it is indeed the presidential seal. Then it occurred to me that my first impression was still correct.

Wed, 02/27/2013 - 12:19 | 3281955 Tango in the Blight
Tango in the Blight's picture

I was thinking of a different word that begins with a P and ends with sychopath.

Wed, 02/27/2013 - 12:50 | 3282128 Bananamerican
Bananamerican's picture

and i was thinking of "typical citizen of Los Angeles"

Wed, 02/27/2013 - 12:24 | 3281975 Buckaroo Banzai
Buckaroo Banzai's picture

People like Jamie Dimon or Barack Obama are narcissistic, megalomanical sociopaths. They lack any system of personal morals. That doesn't necessarily make them evil-- just amoral. It's the ones behind the scenes that use people like Dimon and Obama to do their bidding, that are truly evil. They are much harder to spot.

Wed, 02/27/2013 - 12:08 | 3281901 Titus
Titus's picture

@ Flacon on Lloyd Blankfein:

I think he’s a psychopath who was trained at a young age that it’s “MY IDEA IF IT WORKED, AND HIS PROBLEM IF IT DIDN’T”.

No shit? I wondered how he made it to the top of the squid, I mean he seems like such a nice guy...

Wed, 02/27/2013 - 12:59 | 3282154 Liquid Courage
Liquid Courage's picture

Nice shirt, Lloyd ... that's Kevlar, isn't it? Good choice.

Wed, 02/27/2013 - 10:10 | 3281464 Big Slick
Big Slick's picture

Ann Barnhardt visits the issue of JPM's leverage ratio near the end of her video "The world economy is going to explode and you deserve to know why"  WORTH EVERY SECOND OF THE 2.5 HOURS!

Wed, 02/27/2013 - 10:04 | 3281442 SamAdams
SamAdams's picture

What is the cuff-link symbolic of?  Anyone know what we are looking at?

The world operates on symbols, which are the means of unspoken communication (your alphabeta is symbols). 

Wed, 02/27/2013 - 10:18 | 3281493 Badabing
Badabing's picture

Looks like a 1/10th oz coin

Wed, 02/27/2013 - 10:23 | 3281509 hoos bin pharteen
hoos bin pharteen's picture

33rd degree masonic - Scottish rite?

Wed, 02/27/2013 - 12:14 | 3281928 rqb1
rqb1's picture

I don't know if they would let him in, he's Greek

Wed, 02/27/2013 - 13:15 | 3282207 Shell Game
Shell Game's picture

Wish I could reach out and 'touch' that arm with my Kukri..

Wed, 02/27/2013 - 13:08 | 3282185 138
138's picture

Just a little reminder from Jamie of who actually runs the government...

Wed, 02/27/2013 - 11:45 | 3281810 QQQBall
QQQBall's picture

Nice Call big stick. Right before the bank crash, large CRE mortgage firms were posturing as "correspondent mortgage banks" rather than brokers. They were doing a lot of the grunt work for the banks and they gained control over the appraisal process and the banks simply said "you  have to use our approved appraisers." But if you came in low or called out an issue with the property, they (mortgage brokers) would not engage you again. I am happy to report that one of the lenders that did this was at $26/share at the time and last I looked they were under a buck.The bad drove out the good and you had no recourse if they shitcanned you for doing a good job.

Wed, 02/27/2013 - 11:46 | 3281811 QQQBall
QQQBall's picture

Nice Call big stick. Right before the bank crash, large CRE mortgage firms were posturing as "correspondent mortgage banks" rather than brokers. They were doing a lot of the grunt work for the banks and they gained control over the appraisal process and the banks simply said "you  have to use our approved appraisers." But if you came in low or called out an issue with the property, they (mortgage brokers) would not engage you again. I am happy to report that one of the lenders that did this was at $26/share at the time and last I looked they were under a buck.The bad drove out the good and you had no recourse if they shitcanned you for doing a good job.

Wed, 02/27/2013 - 10:49 | 3281568 e_goldstein
e_goldstein's picture

Instead, make it out of paper; the irony would be palpable and it would probably ignite if you ran enough current through it.

No reason to waste good physical on that douchebag.

Wed, 02/27/2013 - 09:47 | 3281379 TheFourthStooge-ing
TheFourthStooge-ing's picture


As for Mr. Dimon's pending application to purchase a Micronesian private island,

GPS coordinates, anyone?

Wed, 02/27/2013 - 10:30 | 3281518 Manthong
Manthong's picture

We may soon have the perfect spot to replace Vieques and Kahoolawe for the Navy.

Wed, 02/27/2013 - 10:16 | 3281487 Stuck on Zero
Stuck on Zero's picture

Targetting coordinates?


Wed, 02/27/2013 - 09:27 | 3281288 AlaricBalth
AlaricBalth's picture

"Repression is the only lasting philosophy. The dark deference of fear and slavery, my friend," observed the Marquis, "will keep the dogs obedient to the whip, as long as this roof," looking up to it, "shuts out the sky." Marquis St. Evrémonde in A Tale of Two Cities.

Where is our modern day Gaspard?

Wed, 02/27/2013 - 09:28 | 3281317 a growing concern
a growing concern's picture

That only works for as long as the heads stay connected to the bodies.  We can only hope that Dimon's soon go their own separate ways.

Wed, 02/27/2013 - 10:06 | 3281455 Chupacabra-322
Chupacabra-322's picture

That may be true Jamie, but sometime in the near future you're going to be DEADER than me too.

Wed, 02/27/2013 - 09:37 | 3281343 midtowng
midtowng's picture

The very next paragraph:

That might not be so long as the Marquis supposed. If a picture of the chateau as it was to be a very few years hence, and of fifty like it as they too were to be a very few years hence, could have been shown to him that night, he might have been at a loss to claim his own from the ghastly, fire-charred, plunder-wrecked rains. As for the roof he vaunted, he might have found THAT shutting out the sky in a new way—to wit, for ever, from the eyes of the bodies into which its lead was fired, out of the barrels of a hundred thousand muskets.

Wed, 02/27/2013 - 09:54 | 3281392 AlaricBalth
AlaricBalth's picture

...a hundred thousand muskets. "
They must not have had background checks for private firearm purchases back then. ;-)

Wed, 02/27/2013 - 10:05 | 3281454 Big Slick
Big Slick's picture

"It is a far better butt-kicking I give than I have ever butt-kicked!"

Wed, 02/27/2013 - 09:49 | 3281384 kliguy38
kliguy38's picture

Where's Longsoupline??

Wed, 02/27/2013 - 10:02 | 3281434 gmrpeabody
gmrpeabody's picture

I've been waiting on breakfast till after I read his rant...

Wed, 02/27/2013 - 09:17 | 3281289 aint no fortuna...
aint no fortunate son's picture

Is that richer BEFORE your fucking bonus got cut in half for your incompetent handling of the IG9 losses, you arrogant shit?

Wed, 02/27/2013 - 12:47 | 3282113 RockyRacoon
RockyRacoon's picture

What a person really thinks will be revealed upon a close hearing of what they say.  Unfortunately, for Mr. Dimon, what he says is dissected minutely.  His comment is telling of the underlying sentiment.  The guy is a sociopath and an narcissist (if that's not redundant).

Wed, 02/27/2013 - 09:47 | 3281380 yogibear
yogibear's picture

Jamie Diamon:

"Muppets, I'm putting my banks on every street corner, crowding out the competition. You shop at a grocery store and my people will be in your face making my bank the only one you'll be using!!!"

Wed, 02/27/2013 - 10:42 | 3281530 DaveyJones
DaveyJones's picture

nothing personifies these vomitous truths better than Jamie

rhymes with sublime

Wed, 02/27/2013 - 11:04 | 3281621 S5936
S5936's picture

The jerk is a disease on society. I'm sure his ticket to Dante's 8 circle of hell is punched !

Wed, 02/27/2013 - 11:05 | 3281623 tempo
tempo's picture

Robots created Jamie. Robots eliminate millions of decent paying jobs. So tax revenues are flat or decline and central bankers (JPM/GS are essential parts of the gang)must stimulate to fund entitlements and keep consumption from dropping too fast. The deflationary impact of lower wages and fewer jobs offsets the inflationary side of the excess liquidity. As The impact of robots accelerates so will the power of the central bankers programs as will Jamies' wealth. Its like having a serious form of cancer. It seems that every week, I learn of a friend or family member who is crushed by losing a job or having to take a part time job. These are people who will never recover their previous lifes. Jamie isn't the problem. He just happens to be part of the necessary programs to delay social unrest.

Wed, 02/27/2013 - 12:25 | 3281984 Idiocracy
Idiocracy's picture

piss in his bisque, give him a golden shower, whatever it takes

Wed, 02/27/2013 - 09:11 | 3281264 LawsofPhysics
LawsofPhysics's picture

Fascism 101 bitchez...

Wed, 02/27/2013 - 09:23 | 3281299 Ghordius
Ghordius's picture

without aiming to reopen the "what is fascism" discussion, imho this is why fascists get elected - by promising to stamp a jackboot on the face of people like Jamie

Wed, 02/27/2013 - 09:28 | 3281311 LawsofPhysics
LawsofPhysics's picture

Right.  Just like the jackboot Obama stamped on Corzine?  Go fuck yourself Ghordius, I know a lot of good people in my farming community who were robbed by MF-Global.  Every dog has his day, stop being such a dramatic pussy.  Fraud is fraud.  You don't want a lawless society?  Well then, how about we uphold the rule of law then and start seeing some real fucking consequences for bad behavior for a change?

Wed, 02/27/2013 - 09:35 | 3281337 Ghordius
Ghordius's picture

ow, my, your mood is even worse than mine, today. I have family that was corzined, too. I find this toady asshole repulsive, too

nevertheless I object calling those who should reign those bastard in as fascists

corrupt, yes. liars and robbers, yes. whatever you want

and yet they are, imho, not fascists - not in the way any european would see them

and I repeat: historically, in Europe we had fascism rising because of the popular urge to see people like Jamie impaled and crucified

"jackboot Obama stamped on Corzine" my ass, you know they are "funding buddies"

but go on, use an incorrect political vocabulary, who knows, it might improve your comprehension of facts/s

it sure sticks to the norms of the propaganda you seem to consume

Wed, 02/27/2013 - 09:41 | 3281358 LawsofPhysics
LawsofPhysics's picture

So what your saying is that it is simply semantics.  The fact (by YOUR OWN WORDS) is that these people are theifs.  Bad is bad motherfucker and the fact that you continue to dance around the issue of there not being any real consequences for bad behavior just re-affirms your position as another "I am special because of my birthright" pussy.  Thanks for confirming.  That which is not sustainable, will not be sustained and the longer the moral hazard remains, the more dire the consequences.  You would think that europeans of all people would know this.


Wed, 02/27/2013 - 09:48 | 3281381 Ghordius
Ghordius's picture

I don't disagree at all. I'm just pointing to the fact that we europeans voted for fascism because of it's promise of getting rid of this kind of thiefs

an experience you Americans did not make

imo it's you sticking to the approved propaganda semantics of calling the Obama Gang "fascist"

suit yourself

Wed, 02/27/2013 - 09:54 | 3281396 LawsofPhysics
LawsofPhysics's picture

again, semantics.  This will get sorted out.  Real consequences for all this bad behavior will return one way or another.  If Europe's history is any indication, it won't be until the supply lines break.  Speaking of supply lines, I need to run.

Wed, 02/27/2013 - 10:04 | 3281444 marathonman
marathonman's picture

What's funny is that the fascists weren't really any different than the thieves they replaced.  Fascism and socialism/communism are both on the left side of the political spectrum regardless of attempts to paint it otherwise.  Thieves, cronies, banksta's and government gangsta's all run together.

Wed, 02/27/2013 - 10:05 | 3281452 AnAnonymous
AnAnonymous's picture

Fascists got their inspiration from 'americans'.

When you want to grow into the best, you learn from the best.

And when it comes to theft, 'americans' are second to noone.

Wed, 02/27/2013 - 10:13 | 3281475 TheFourthStooge-ing
TheFourthStooge-ing's picture

AnAnonymous said:


Fascists got their inspiration from 'americans'.

When you want to grow into the best, you learn from the best.

And when it comes to theft, 'americans' are second to noone.

US is oppressive to three hundred millions people on Earth and the Chinese citizenism regime to six billions minus 1 billion people?

Still a long way to go for US to match the Chinese citizenism excellence.

Wed, 02/27/2013 - 12:42 | 3282055 Ghordius
Ghordius's picture

"fascists weren't really any different than the thieves they replaced" - well, I broadly agree, but it depends from your perspective

"Fascism and socialism/communism are both on the left side of the political spectrum..." both would disagree- why?

this "fascists and commies are the same" meme goes back to WWII propaganda, a hallowed tradition in the US since the unveiling of the Molotov-von Ribbentrop agreement and the last partition of Poland between fascist Germany and the communist SU

yes, they were both authoritarian and they were both thugs - but it's your perspective that makes them "the same"

the American political tradition of political thought is very rich on one dimension of political thought: the concern about liberty/freedom vs authoritarianism - what we call here liberalism (for us, for example, libertarians are a sub-group of liberals)

from the european (particularly the continental one) perspective it's less developed in the socialist and the conservative dimensions

but when it comes to thieves, cronies and gansta's we are talking about a fourth dimension: corruption

Wed, 02/27/2013 - 13:03 | 3282173 Big Slick
Big Slick's picture

The fight's not in here, you two.  It's out there!!

Wed, 02/27/2013 - 10:50 | 3281577 Sean7k
Sean7k's picture

You always attempt to characterize Europe as more mature and sophisticated in political economy than the rest of the world, when in reality, you are just the launching area for the world wide oppression created by and put in to force by the Rothschilds. You were led into fascism by them. It wasn't a recognition of or attempt to rid yourself of the thiefs ( and you continue to fall for it - Beppo?)

LOP, where is the instance of the slaves throwing off their chains? The French Revolution? AKA managed rebellion. Americans are as deeply enslaved as all people, because they have allowed commercial contract law to usurp their Constitution. They have allowed the courts to eliminate their freedom. Why do you, a non-resident alien, citizen of a state pay taxes to the Federal government? Because of the 16th amendment? No, because of invisible commercial contracts you enter into. (see the law). 

We give over 50 % of our labor to the government, here and in Europe. How is that not slavery? The appearance of liberty is not liberty. The Rothschilds have perfected the concept of slavery through democracy under the facade of liberty. The vehicle is central banking. The coercion is through government and law. 

Just because the Europeans accepted slavery before the Americans does not imlpy a higher caste status. Slaves are slaves.



Wed, 02/27/2013 - 11:26 | 3281712 LawsofPhysics
LawsofPhysics's picture

"Just because the Europeans accepted slavery before the Americans does not imlpy a higher caste status. Slaves are slaves."


I never said this wasn't the case you stupid fuck.  I am neither pro-American nor pro-euro, don't put words in my mouth, for if you do then you are not engaging in an intellectual debate but rather arguing with yourself  I remain long sharecropping for that very reason.  Many people long for slavery and someone to tell them what to do in exchange for "percieved security".  Thanks obviousman.

Wed, 02/27/2013 - 12:11 | 3281913 Ghordius
Ghordius's picture

laws, I believe he was writing to me, not to you

Wed, 02/27/2013 - 14:09 | 3282419 Sean7k
Sean7k's picture

 That which is not sustainable, will not be sustained and the longer the moral hazard remains, the more dire the consequences.

Now, if you read for comprehension, the paragraph assigned to you, you would see I was addressing your statement, you "stupid fuck", as you so politely put it.

Wed, 02/27/2013 - 12:23 | 3281976 Ghordius
Ghordius's picture

europe more mature? don't know, have to think about that

europe politically more sophisticated? depends how you see that

fact is we have 27 nations (counting only inside the EU), we had way more revolutions, we had the fascist and socialist experiences in the XXth, and we usually have multi-party setups, which leads to a more varied landscape of political parties (some 50 major ones and one hundred medium and minor ones)

compare with your two party landscape where the last time a party disappeared it was the Whigs and have a look how new ones crop up, here

I'd venture to say we might just be more experienced in political comparisons and in the analysis of political propaganda

don't know what you mean with a "higher caste status" and I'm confused by your "we give 50% of our labour", though

your argument is mainly "anti-statist" if I understand it correctly, leading to state=slavery instead of state=rule-by-law, or something

may I point out that Americans paid taxes before 1913?

Wed, 02/27/2013 - 12:45 | 3282098 Buckaroo Banzai
Buckaroo Banzai's picture

"may I point out that Americans paid taxes before 1913?"

If you don't understand the difference between excise taxes and income taxes, then you are a long way from getting your mind around the problem. 

Wed, 02/27/2013 - 13:04 | 3282175 Ghordius
Ghordius's picture

may I point out that a lot of US fiscal income before 1913 was from tariffs, actually?

and yet I find the point irrelevant: either taxes are ok or not, I'd say, the rest is a question of political preference

does your comment mean you'd be in favour of a Value Added Tax instead of an Income Tax?

Wed, 02/27/2013 - 14:35 | 3282467 Sean7k
Sean7k's picture

Your third and fourth paragraphs contradict your first two. 

Claiming ignorance of caste status, while living in a europe that has always maintain caste status is imbecilic. 

Europeans don't pay 50% or higher taxes on income? What part of that is hard for you understand?

My argumeent is not anti-statist, unless you acknowledge that the Rothschilds and the banking cabal are the state?

State=slavery and state=rule by law are the same thing.

As for taxes, Americans paid taxes before 1913 in many ways: head taxes, pol taxes, income taxes in 1861 (overturned) and it returned again in 1863. These were also eventually ended when the war debt was mitigated and returned again in 1890. 

However, the arguments there concern direct versus indirect taxes or even excise taxees. All attempts to get around the Constitutional requirement of apportionment. However, the taxes before and after 1913 are because of commercial contracts entered into which allowed for judgements in favor of the federal zone. 

Unlike Europeans, Americans are guaranteed rights to private property free from federal confiscation unless they are apprortioned by State.


Wed, 02/27/2013 - 16:24 | 3282820 Ghordius
Ghordius's picture

I'm not claiming ignorance of caste status -

I claimed I don't know what you mean by that - and I'm still honestly confused by your words. Yours is a citizen's complaint, right?

the state is the object, the rest are parasites of the state, and the word for that is corruption

"Unlike Europeans..." - you mean probably British subjects, by that - continental european citizens have a different constitutional tradition

Wed, 02/27/2013 - 11:09 | 3281641 Vendetta
Vendetta's picture

the approved propaganda semantics is calling the Obama Gang "Socialist", the unapproved propaganda semantics are calling his den 'fascist'.  Please keep it straight.

Wed, 02/27/2013 - 12:51 | 3282130 Ghordius
Ghordius's picture

LOL - good one. it sounds like it's about the label that is most annoying?

Al Capone was a criminal and a gangster - I wonder if he would have been annoyed if called a fraudster

Wed, 02/27/2013 - 11:16 | 3281673 Ratscam
Ratscam's picture

The maestro of facism himself, Mussolini, defined it as the merger of state and corporate power.
The US looks more and more facist by the maestro,s definition.

Wed, 02/27/2013 - 12:47 | 3281986 Ghordius
Ghordius's picture

so you mean that Mussolini was telling the unwarnished truth instead of talking his political book?

authoritarianism is not a privilege of fascism

and again, corporate power getting everything from the state power is at most upside-down fascism

honest-to-earth fascism is state power telling corporations and unions what to do... or else

so imho it's not fascism, it's corrupted liberalism

like a crystal bowl full of shit - an object of beauty, but only if cleaned up

Wed, 02/27/2013 - 14:33 | 3282508 Sean7k
Sean7k's picture

Which is NOT what Mussolini is saying there. Nor does it include a imperialistic aspect manifested in a military industrial complex.Failing to make the distinction between political discourse and state actions is juvenile. The State does tell the corporations what to do, whether here or in Europe, but only for the benefit of a few and for the purpose of coercion by the State. There are zero corporations telling the government what to do "out in the open and as a matter of policy". 

Authoritarianism is not a priviledge of fascism, it is its' modus operandi. 


Wed, 02/27/2013 - 15:40 | 3282843 Ghordius
Ghordius's picture

and those few are? A) the CEOs and the great shareholders aka oligarchs? or B) the party bigwigs? or C) the generals and admirals?

in typical fascists setups B trumps A

Wed, 02/27/2013 - 18:23 | 3283454 Sean7k
Sean7k's picture

The appearance of State action and responsibility are necessary if the State is to be kept separate from corporations in the minds of the people. Further, not all corporations are equal. There IS an elite group that tells government what to do, however, we are all branded conspiracy theorists if we point it out.

For the purpose of general consumption, the government rules in a fascist system. Thus B always trumps A. Still, we have been given brains...

You always seem to be put out by having western governments labeled fascist. Please show me one that isn't. 

As for taxation, and private property, I was referring to all of Europe and Britain. Your evolution from Constitutional monarchies have never strayed too far from the King retaining the power to tax absolutely. 

Thu, 02/28/2013 - 04:41 | 3284922 Ghordius
Ghordius's picture

yes, there is an elite group that tells the US government what to do

and continental european countries have too, elite groups, though their power is more diffuse

one that currently isn't? well, in Italy a movement just got 25% of the vote - Italian "movements" are called this way because they don't want to be established parties

Our evolution from usually absolute monarchies was different, mostly a younger revolutionary republican tradition

I believe our discussion dances around an unmentioned US view about Common Law traditions which we haven't - ours are derived from Roman Law, which has different views on taxation and property which are nevertheless quite valid, in parts (we prefer them)

I think we'd have to reengage in this discussion in future on more specific terms

Wed, 02/27/2013 - 09:56 | 3281412 GoBadgers
GoBadgers's picture

I think what you're getting at is that true fascists get elected by promising the heads of guys like Dimon. You're not saying you like Dimon, you're saying crooks like him create the conditions for fascists to gain control when the populace can no longer trust any of the "mainstream" political class.

I'll probably be pummeled as you have been, but I agree. You have complete wastes of space in DC who not only did jack squat about the theivery of the banking class, but ending up giving them taxpayer money (and continue to in the form of the Fed) so they could keep them own wealth, dangling the Sword of Damocles over our heads with the threat of system collapse.

The thing is, I'm not sure we need to worry about a Fascist takeover in the US. I'd fear a Lenin/Bolshevik Left-wing takeover over a right-wing any day of the week. You see the US young people's views about Capitalism vs. Socialism and that should give you a hint. And the Jamie Dimons and Lloyd Blankefeins of the world have created the conditions that make this possible future a reality. Scary.

Wed, 02/27/2013 - 10:02 | 3281433 LawsofPhysics
LawsofPhysics's picture

That which cannot be sustained won't be.  As you point out, the larger concern may be in the "reaping" of what these arrogant sociopaths have sown.

One thing is for sure, as it become clearer that fraud is indeed the status quo.  Possession will be the law and good luck collecting any taxes or doing any sort of constructive investment in that environment.

Humans remain tribal at their core and all eCONomies are really local and always will be.

Wed, 02/27/2013 - 09:37 | 3281342 AnAnonymous
AnAnonymous's picture

All of them have an Indian ancestor they use to naturalize themselves to deny the fact they are engaged in recet.

Always a pleasure reading 'americans' complaining that some 'americans' are better thieves than others.

Wed, 02/27/2013 - 09:43 | 3281366 Ghordius
Ghordius's picture

oh, shut up, for once. we are talking about the rule of law - something LawsOfPhisics and I both want to see back

I'm trying to make the point that at a certain stage people get fed up with lawlesness and start to prefer the rule of strong men, as long as they promise to get rid of the parasites

Wed, 02/27/2013 - 09:50 | 3281387 LawsofPhysics
LawsofPhysics's picture

People will do many things, but mainly whatever it takes to survive or insure survival for their children.  To even pretend to be able to predict how this might end or get resolved is complete foolishness and arrogance on a whole new level.  When there is no rule of law at the top, fraud quickly becomes the status quo.  The only thing I am comfortable predicting is that when fraud is the status quo, possession is the law.


Wed, 02/27/2013 - 09:56 | 3281411 AnAnonymous
AnAnonymous's picture

“I don’t feel we did wrong in taking this great country away from them. Our so-called stealing of this country from them was just a matter of survival. There were great numbers of people who needed new land, and the Indians were selfishly trying to keep it for themselves.”

John Wayne, icon of 'american' machismo.

The 'american' rule of law as it has always been performed.

Wed, 02/27/2013 - 10:00 | 3281430 TheFourthStooge-ing
TheFourthStooge-ing's picture

The AnAnonymystical Misery tour is coming to take you away...

Wed, 02/27/2013 - 10:53 | 3281588 GoBadgers
GoBadgers's picture

I agree and the irony here is that, while people say the 80s and the 90s were Decades of Greed, the current attempt to redistribute wealth will create MORE of an environment of self-preservation than anything that existed before.

I've never had an issue with companies, no matter the industry, making obscene profits. My problem is when they take risks, they want capitalism on their gains and socialism on their losses.

My job as a husband and father is to do whatever I need to do to see that our family survives and thrives. I'm much more selfish with my income and assets today than I ever have been because I have no idea what's coming down the pike.

Wed, 02/27/2013 - 09:53 | 3281399 AnAnonymous
AnAnonymous's picture

Freedom of speech as displayed by 'americans': tell what they want to hear or shut up, be constructive.

What lawlessness? There is no lawlessness.

There is the rule of law as 'americans' perform it. Nothing different from anything that happened during 'american' history.

So 'americans' can not get fed up with some lawlessness.

And 'americans' usually elect strong men or ladies. They even nicknamed those ladies "iron ladies"

But fantasy and propaganda has to prevail so in order to please 'americans', lets pretend that there is a state of lawlessness and that 'americans' elect weak people in charge.

Wed, 02/27/2013 - 09:57 | 3281418 LawsofPhysics
LawsofPhysics's picture

Freedom of speech as displayed by 'chinese'': tell what they want to hear or shut up, be constructive.

What lawlessness? There is no lawlessness.

There is the rule of law as 'the state party' perform it. Nothing different from anything that happened during 'chinese' history.

So 'chinese' can not get fed up with some lawlessness.

And 'chinese' usually "elect" strong men or ladies. They even nicknamed those ladies "iron ladies"

But fantasy and propaganda has to prevail so in order to please 'chinese', lets pretend that there is a state of lawlessness and that 'chinese' elect weak people in charge.

Wed, 02/27/2013 - 10:09 | 3281465 AnAnonymous
AnAnonymous's picture

The quest for symetry, how funny. It leads to such things like:

And 'chinese' usually "elect" strong men or ladies.

'Americans' are unable to face the reality of an 'american' world.

And they will rely on others to soak the damage caused by the reality of an 'american' world.

Wed, 02/27/2013 - 10:23 | 3281510 TheFourthStooge-ing
TheFourthStooge-ing's picture

AnAnonymous said:

'Americans' are unable to face the reality of an 'american' world.

And they will rely on others to soak the damage caused by the reality of an 'american' world.

Funny, funny, but a bit stupid.

The lower class in the world has to be afraid because they are going to soak any negative consequences brought by Chinese citizenism. They are basically cannons fodders for the projection of Chinese citizenism citizen fantasy. Just good ole Chinese citizenism citizen style.

But the Chinese citizenism elite? Chinese citizenism has dissolved any kind of restraint an elite could endure. Chinese citizenism citizens, contrary to the Mao See Dung book of small redness, conjugate both dog wokking and roadside crapping (or at least nihilistic hedonism) with no constraint.

Wed, 02/27/2013 - 10:50 | 3281571 DaveyJones
DaveyJones's picture

claiming the "american" hypocrisy and lawlessness is unique demonstrates a lot

mostly historical ignorance

we're just the latest chapter of the same story

Wed, 02/27/2013 - 09:55 | 3281409 Acet
Acet's picture

He who makes the laws makes the rules.

And that's why even the rule of law isn't going to be enough to sort this shit up - the law itself has already been twisted and corrupted to serve the interest of a few.

There are now so many open-ended, ridiculous laws on the books that it's said that everybody in average breaks at least 7 laws a day. We are all criminals, it's just that some people in position of authorities get to selectivelly choose who to prosecute and how hard.


Wed, 02/27/2013 - 09:51 | 3281390 TheFourthStooge-ing
TheFourthStooge-ing's picture

AnAnonymous said:

Always a pleasure reading 'americans' complaining that some 'americans' are better thieves than others.

Shouldn't you be roasting some cats for the lunchtime crowd at JKC*?


*Just Killed Cat, Chinese citizenism fastfood franchise

Wed, 02/27/2013 - 09:57 | 3281420 AnAnonymous
AnAnonymous's picture

Under the claim of a fantasy thing? Duh, who knows what I should be doing...

But as it comes from an 'american', it certainly does not include telling about 'americanism', everything but that...

Wed, 02/27/2013 - 09:39 | 3281349 Ghordius
Ghordius's picture

perhaps this explanation I already gave here will make it clearer to you:

"without taking any merit from your sentence, for many europeans that still remember fascism here this kind of talk is still a bit strange

yes, fascists themselves talked a lot of "marriage of corporate and state power", but they understood it more in the way of state power slapping corporate power (and worker's unions, btw) around as necessary for state reasons

a very, very, very oldfashioned marriage

what you are describing is corporate power getting whatever it wants from state power, which for us is a kind of reverse fascism and a reason for the rise of popular support for our dictators - the crisis of the liberal state vs the socialist alternative and the fascist "third way", with strong appeal to the conservative elements and a strong distrust of the "bourgeoisie"

I understand the ivory tower term is inverted totalitarianism"

Wed, 02/27/2013 - 09:44 | 3281365 LawsofPhysics
LawsofPhysics's picture

You are giving yourself away professor.  Keep dancing around the issue of consequences for bad behavior, nature and the laws of physics will sort it all out in time.  Especially when your students find themselve unemployed and hungry.

Wed, 02/27/2013 - 12:56 | 3281386 Ghordius
Ghordius's picture

LOL - and who made me a professor? I think you are mistaking me for someone else

Wed, 02/27/2013 - 10:00 | 3281427 AnAnonymous
AnAnonymous's picture

More fantasy. It is an 'american' world.

Behaving the 'american' way is not behaving badly.

Nature will sort nothing at all.

The depletion of resources will be the engine for growth for 'american' economics in the near future.

'Americans' will keep doing what they have been doing: taking advantage of those opportunities to expand their business of extorting the weak, farming the poor.

Wed, 02/27/2013 - 10:04 | 3281441 LawsofPhysics
LawsofPhysics's picture

...and the unicorns will run free again.

Wed, 02/27/2013 - 10:10 | 3281471 AnAnonymous
AnAnonymous's picture

What unicorns?

There is no unicorns in a world driven by 'americans'

Only a business of extorting the weak, farming the poor.

Which can be performed as well in a resources declining world.

The way 'americanism' works.

Wed, 02/27/2013 - 10:25 | 3281511 Charles Nelson ...
Charles Nelson Reilly's picture

(you posted at 9:10).... aren't you late for your "Intro to Marx" class at 9am Professor?

Wed, 02/27/2013 - 10:04 | 3281446 TheFourthStooge-ing
TheFourthStooge-ing's picture

Endless droning repeation gives evidence that the praecoxology of AnAnonymysticism is dementia.

Wed, 02/27/2013 - 10:12 | 3281474 AnAnonymous
AnAnonymous's picture

Could apply by any droning repeation by 'americans' and that is a lot, like their tune about the elite, guns ban in the US, the rule of law etc

Does not make 'americans' demented people though. Only 'americans'

Wed, 02/27/2013 - 10:52 | 3281584 Chump
Chump's picture

At least you dickholes can't hack my drone string.


Wed, 02/27/2013 - 10:45 | 3281556 Backdraft
Backdraft's picture

"Every dog has his day".... IMHO, probably the simplest but most meaningful, heartfelt quote on this site. The timing may not be within our control; it may not be today or even next month. But that what goes around comes around is a natural law that completes itself without fail. Thanks, LoP... you made my day!

Wed, 02/27/2013 - 15:48 | 3282885 akak
akak's picture

And every Chinese dog has his day in a Communist 'chinese' citizenism wok, with ginger sauce profusely.

Wed, 02/27/2013 - 09:30 | 3281269 Cdad
Cdad's picture

Ug.  I just threw up in my mouth a little.  And I couldn't even watch the clip...just read the headline and summary.  

Wed, 02/27/2013 - 09:17 | 3281271 El Hosel
El Hosel's picture

    Mike Mayo is a bad apple, who let him in here? Nice to see all the Bloomberg heads giving Dimon his propers, by lining up to eat out his ass in public....  Nothing like Royal butt juice in the morning.

Wed, 02/27/2013 - 09:12 | 3281272 sunnyside
sunnyside's picture

What do y'all guess the security he keeps around him entails?

Wed, 02/27/2013 - 09:58 | 3281403 Widowmaker
Widowmaker's picture

All the security in the world cannot stop a crack shot - anytime, anywhere.

An island is nothing but a prison, total isolation.  Ask anyone that owns one (or many).  They spend VERY little time on them.

One, two Freddy's coming for you...

Wed, 02/27/2013 - 09:13 | 3281273 thismarketisrigged
thismarketisrigged's picture

fuck u jamie, i hope u r where u belong soon, in the fucking slammer with all ur wall st buddies

Wed, 02/27/2013 - 09:14 | 3281275 krispkritter
krispkritter's picture

 '...that's why I'm a bigger douche than you.' Jamie 'Le Douche' Dimon. Stay classy dude...

Wed, 02/27/2013 - 09:19 | 3281292 Mae Kadoodie
Mae Kadoodie's picture

You can't take your fiat with you Jamie.  And you probably have a small schlong.

Wed, 02/27/2013 - 09:43 | 3281368 Shitters_Full
Shitters_Full's picture

I think that makes it a schlort.

Wed, 02/27/2013 - 09:14 | 3281278 Mad Mohel
Mad Mohel's picture

Firing squad.

Wed, 02/27/2013 - 09:31 | 3281326 a growing concern
a growing concern's picture

I only pray that they have terrible aim...and have to keep at it for a long, long time.

Wed, 02/27/2013 - 09:14 | 3281279 backseatdriver
backseatdriver's picture

CEO of JPM yet King of douchebaggery.

Wed, 02/27/2013 - 09:27 | 3281316 GetZeeGold
GetZeeGold's picture



Got his ass bailed out....and now he's all badassed cocky.

Wed, 02/27/2013 - 11:15 | 3281667 ParkAveFlasher
ParkAveFlasher's picture

A new meaning to the term "liquid courage".  Every time Ben prints, these guys suddenly fill up with smart answers again.

Wed, 02/27/2013 - 09:14 | 3281280 konputa
konputa's picture

What a tool. Seriously Jamie, I hope someone swims out to your fucking island and guts you with a chunk of coral.

Wed, 02/27/2013 - 09:16 | 3281287 Capitalist
Capitalist's picture

lol affluent investors don't give a shit about capital ratios. Uncle Sam has their back!

Wed, 02/27/2013 - 09:19 | 3281291 Shevva
Shevva's picture

Someone once said 'You did not build that' so to paraphase Goverment bail outs built his bank balance.

Remember Mr Dimon greed is evil, so your one evil bastard.

Wed, 02/27/2013 - 09:21 | 3281296 Wakanda
Wakanda's picture

JD's "wit" is an attempt to cover up a mountain of fear and shame.

Jamie, if you don't have the personal courage to confront your demons, we will arrange it for you.

Wed, 02/27/2013 - 09:29 | 3281321 WillyGroper
WillyGroper's picture

<<<<<JD's "wit" is an attempt to cover up a mountain of fear and shame.

That statement assumes that he has a conscience. I wouldn't bank on it. ;D

Wed, 02/27/2013 - 09:46 | 3281359 Wakanda
Wakanda's picture

Everyone has a higher self, spiritual guide, whatever - it's in there somewhere.  What I propose is that our heartfelt intentions arrange for Jamie to have a meaningful encounter with his conscience.  If it comes from our hearts, I believe anything is possible.

Here is the catch:  If you want Jamie to have this encounter, you must have a heartfelt desire to encounter your own higher self.

Honesty FiSHeS.

Wed, 02/27/2013 - 09:26 | 3281297 Edward Fiatski
Edward Fiatski's picture

There's absolutely no logic in the studio retards having a laugh afterwards - ridicule everything, laugh out the truth out of the airwaves.

Clowns will be clowns.

Hear that, bitchez, reserve ratios don't matter: 69x, 33x, 13x or 10x, as long as you have a hotline to The Bernank.

Wed, 02/27/2013 - 09:21 | 3281298 Silver_K-9
Silver_K-9's picture

Dominic Chu looked like he wanted to go down on Jamie Dimon...

Wed, 02/27/2013 - 09:32 | 3281329 WillyGroper
WillyGroper's picture

Dominic Chew?

Wed, 02/27/2013 - 09:22 | 3281302 q99x2
q99x2's picture

Now if anyone needs to stop war in their country or a raid against their corporation they know which island to check out. 

Wed, 02/27/2013 - 09:24 | 3281303 CaptainSpaulding
CaptainSpaulding's picture

Yes, he is rich.  But is he happy?

Wed, 02/27/2013 - 09:38 | 3281348 AnAnonymous
AnAnonymous's picture

Serving an 'american' middle class makes a servant happy.

Loads of responsibility but satisfaction at the end of the road.

Wed, 02/27/2013 - 09:55 | 3281407 TheFourthStooge-ing
TheFourthStooge-ing's picture

AnAnonymous said:

Serving an 'american' middle class makes a servant happy.

Well then go get happy and get started on the laundry. Remember - no starch.

Loads of responsibility but satisfaction at the end of the road.

Glad you're satisfied, because you're not getting a raise.

Wed, 02/27/2013 - 10:01 | 3281432 AnAnonymous
AnAnonymous's picture

This implies I serve the 'american' middle class. How funny.

Fantasy,the very last shelter for an 'american'.

Wed, 02/27/2013 - 09:39 | 3281352 Aegelis
Aegelis's picture

This is the most important question, nicely done.

Wed, 02/27/2013 - 09:51 | 3281385 nathan1234
nathan1234's picture

Can a Demon be happy?

Of course so long ,as it has been devouring money and people on it's earthly visit

Wed, 02/27/2013 - 10:00 | 3281426 Alpha Monkey
Alpha Monkey's picture

Probably temporarily, when their mechinations result in misery for others and they get to set atop and watch the "fun".

Wed, 02/27/2013 - 12:49 | 3282123 Buckaroo Banzai
Buckaroo Banzai's picture

Is he happy?? Who gives a fuck.

Wed, 02/27/2013 - 09:24 | 3281304 Kaiser Sousa
Kaiser Sousa's picture

as long as we stand by and let them do what they do without corporeal punishment expect for them to continue to behave like they behave...

bankers are sociopaths...they must be eradicated...


Wed, 02/27/2013 - 09:23 | 3281305 eddiebe
eddiebe's picture

Jamie, why don't you die already and let some other prick run the show.

Wed, 02/27/2013 - 09:25 | 3281306 AndrewJackson
AndrewJackson's picture


Wed, 02/27/2013 - 09:24 | 3281307 AndrewJackson
AndrewJackson's picture

What a complete piece of shit. Someone asks a legitamite question and all he can say is "thats why I am richer than you". If I was the analyst I would have lost it.

Wed, 02/27/2013 - 09:33 | 3281332 WillyGroper
WillyGroper's picture

BSD syndrome.

Wed, 02/27/2013 - 09:41 | 3281357 AnAnonymous
AnAnonymous's picture

Expect an answer to a legitimate question from an 'american'?

As so often confirmed on this site by so many 'americans', it is a wild expectation.

'Americans' do what they do: they weasel out, use propaganda or take shelter in fantasy when asked a legitimate question.

This 'american' is just an 'american' as so many others are.

Castigate him for behaving the 'american' way... Oh, wait, that is what one must expect from 'americans'.

Wed, 02/27/2013 - 09:58 | 3281423 TheFourthStooge-ing
TheFourthStooge-ing's picture


'Americans' do what they do: they weasel out, use propaganda or take shelter in fantasy when asked a legitimate question.

OK, OK, you're a good 'american'. Is that what you've been waiting to hear?

Now chop chop, Chang, that laundry isn't going to wash itself.

Wed, 02/27/2013 - 10:02 | 3281437 AnAnonymous
AnAnonymous's picture

Racism cant not be dissociated from 'americanism'.

Wed, 02/27/2013 - 10:07 | 3281457 TheFourthStooge-ing
TheFourthStooge-ing's picture

AnAnonymous said:

Racism cant not be dissociated from 'americanism'.

As I said, you're a good 'american'. Repeation really necessary?

Wed, 02/27/2013 - 10:15 | 3281484 AnAnonymous
AnAnonymous's picture

A lot. 'Americans' need to monopolize the speech means if they want their fantasy and propaganda to prevail.

It will take a lot of repeating and a large congregation of 'americans' around that lie.

But this is what 'americans' do: pick up a lie, congragate around it and spread it as truth.

So, lets see the 'american' nature express itself. Again.

Wed, 02/27/2013 - 15:53 | 3282899 akak
akak's picture


But this is what 'americans' do: pick up a lie, congragate around it and spread it as truth.

Woohoo!  That is most rich!

And this is what Chinese citizenism AnAnonymystics do: pick a collectivistic, bigoted lie, conflatuate around it, repeat it endlessly in garbled Engrish, deny reality, run from logical rebuttal, engage in every offuscationalized inability to self-indict, monolize the speeching mean, blob-up, wok the dog, and leave their signature brown baby Mao on the side of the road. 

That is Communist 'chinese' AnAnonymysticalism eternal nature.

Make me laugh.

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