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Buffett On Jamie "I Am Richer Than You" Dimon: "He Deserves To Be Paid Even More"
Just because it wasn't enough of a vote of confidence in Jamie "Dear Congress: oath I vouch under oath that it was nothing but a tempest in a teapot" Dimon that his pay rose 74% to $20 million in 2013 despite JPM's Net Income crashing as the bank had to provision for tens of billions in legal expenses (conveniently excluded from Non-GAAP earnings) - but that's ok because the Fed's pumping of $1 trillion in fake buying power meant the stock soared - here comes folksy Crony Capitalist #1, aka cuddly Uncle Warren seemingly desperate for close encounters of the rectal kind with the JPM CEO, telling the world just how underappreciated poor, poor (we use the term loosely) Jamie is and said that if he owned J.P. Morgan, "he would keep Chief Executive James Dimon at the helm and would pay him even more than he’s making now."
In an interview Friday, Mr. Buffett called Mr. Dimon “a bargain.”
“If I owned J.P. Morgan Chase, he would be running it and he would be making more money than the directors are paying him,” said Mr. Buffett, who has publicly defended the bank executive before and owns J.P. Morgan shares.
He added J.P. Morgan was a “huge plus to the American financial system” during the financial crisis and did much better than other big banks through that period.
“If Jamie decides he wants to make more money, all he has to do is call me and I’d hire him at Berkshire,” the billionaire investor added.
Warren had no comment how much he would pay Barack Obama if the president worked for him more than he already does, i.e., making sure that the Keystone Pipeline is mothballed indefinitely while Buffett's various railroad interests become the New Normal trans-US pipelines.
And Buffett certainly had no comment what his compensation to Bernanke, Paulson or Congress would be for injecting a few hundred billion in the same financial companies that Berkshire had some $26 billion invested in, and would have all gone bankrupt, unless the US taxpayer had boldly, if involuntarily, stood up to defend the equity value of crony capitalist #1.
As Reuters reported at the time: "A good chunk of his fortune is dependent on taxpayer largess. Were it not for government bailouts, for which Buffett lobbied hard, many of his company’s stock holdings would have been wiped out. Berkshire Hathaway, in which Buffett owns 27 percent, according to a recent proxy filing, has more than $26 billion invested in eight financial companies that have received bailout money. The TARP at one point had nearly $100 billion invested in these companies and, according to new data released by Thomson Reuters, FDIC backs more than $130 billion of their debt."
Surely by the time the US finds Berkshire Hathaway to be a "systemically important" entity, any time Dairy Queen misses earnings or NetJets sells one less plane in the quarter than budgeted, the US will rush to bail it out.
As for "poor" Jamie, who obviously deserves much more than just that $20 million pittance, don't cry for him. We are confident soon enough he will take another massive risk with FDIC-insured depositor cash, which will either pay off, or the bank will simply be bailed out once again. Because once you are the king of the TBTF, the only way is up.
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it keeps getting "better"...more absurd...and it will until it breaks.
That old folksy "Aw shucks" is a sure thing with all the Buffeteers sitting in front of the boob tube waiting for Uncle Warren to dispense a little Warranism while wearing their Buffeteer hats with the money sign sitting atop their green beany. In private hes is a mean lying crooked two faced forked tongued diaper wearing blue pill popping global dick sucking old coot that sold his own country down the tubes for a seat at Beelzebubs table and a first class ticket to hell.
Well if I were John Stumpf, I would certainly ask Uncle Warren for a huge raise.
I ASK, Is This Guy one Of Those "GREYS" That They Mention
On Coast To Coast All The Time???
<=== I LOVE This Smilling Cute And Cuddly Old Man.
<=== I DESPISE Him And Every Fucking Creaky Bone In His Body.
Quick Poll On Warrensky...
Buffett is a buffoon. Guy sold his soul to the devil and is pretty much a icon used to encourage the "everyday Joe" that you can get rich too with a bit of hard work and "common-sense". Nonsense - he's a sellout and touts the system and all the evil it stands for
Photo op anyone?
After Buffett disinherited his granddaughter for daring to appear in a documentary about the 1%, any lingering doubt about him being a giant asshole was cleared away.
That's why he is known as the Orifice of Omaha.
B to J: " help me become Orifice of JPM and I will pay you more..."
This criminal asshole is the epitome of a domestic enemy. The corporate fascist media pushing their perverted public relations enables Buffet to walk around like he’s a sage. (IIRC) Through his holdings, Buffet was the single largest beneficiary of the so-called Bail Out to the tune of close to $500 billion. He is allowed (By the ruling elite) to steal from us so long as much of the ill-gotten wealth can be devoted to eugenics; as in poisoning our food, spiking vaccines with cancer viruses and brain damaging chemicals, etc. in the name of “helping kids.” This monster is partnered in Crimes Against Humanity with the Rockefeller Foundation eugenics front, Bill Gates. What a pair of monsters. If we had a military they would both be arrested along with a lot of other traitors running rampant in and around the U.S. government… but we’re not in Kansas anymore.
Warren Fuckin' Buffett - the smiling, grandfatherly figure who sticks a dagger in the heart of the American Taxpayer while he & his CronyComrade, Charlie "Suck It Up Taxpayers" Munger attach their money funnels/suction hoses to the U.S. Treasury Building & vacuum up every last present and future fiat.
Warren Fuckin' Buffett, the "elder statesmen" of Casino Kapitalism, and literal 'Senator's Son,' who loudly, publicly annointed NoBama as figurehead-in-chief.
Fuck you, Buffett. May you roast eternally after you croak, which shall be soon.
Warren Buffoon is a liar, manipulator and democrat. I believe the three strike rule applies here. He's out
TruthInSunshine POST ...
I Can Only Vote Once, But I'd Vote +100 If I Could...
I think Warren knows he won't survive the shitstorm anyway (cause he's old) and just plays the game like he always does.
Once SHTF he'll be gone and you won't see him in the news anymore.
Warren is EVIL, no doubt, and to explain why the people here would be bored to death, given up arrows ( green means circle jerk ) its obvious that all know.
Warren made his rich by stripping company's of their assets.
Made money by destroying the insurance industry, and creating the new model "Collect premium, Deny Claim"
Funny that WARREN is portrayed as a gentel old guy, but in reality, he is probably responsible for MORE destruction as an individual than any other asshole in the past 50 years of USA history.
The biggest problem with the USA, is that folks have to spend 1/3 or more on 'insurance', and you can blame Warren for this new model. No where else do people even buy insurance, and the worst of course is that Warren hires more people in the DENIAL department, than he Does in the CLAIMS department.
Everybody in the INSURANCE racket now follows warrens model,
Then of course 60's to present he bought companys on credit (5%) down, stripped their CASH pension funds sold all assets (TREES/OIL), and then used the CASH to pay off the DEBT for buying the company, then resold the company's ... wash&repeat made him the richest man in the world.
BUT world class asshole none the less.
As american as america pie, I mean american NAZISM
A DEMOCRAT,... yep just goes to show you that a DEMOCRAT can be a NAZI too ...
Yeah Buffet is the grand-daddy of all leverage junkies.
And now they want to add him to the TOO BIG TO FAIL TOO BIG TO JAIL LIST
Dad, Someday Can I Grow Up to Be Too Big to Fail?
http://www.bloomberg.com/news/2014-01-23/dad-someday-can-i-grow-up-to-be...
He got away with the "hey, I'm just a nice ol man" meme for a long time. His senility is shedding light on his true self. Scary thing is that a lot of people still think he's a swell guy, etc.
The scary thing is that a lot of people still think he's a "great investor" and not a cheating crony cartel crook. Even on ZH you'll find occasional articles verbally fellating this piece of shit.
You have to admit though, he is best at what he does.
only if he admits to being best at 'derivative' insurance; those preimum pools spread so thin you need to sweep under obummbercare.
I'm not admitting that until I figure out what the fuck it is that he does do.
Clark Griswold rant on Frank Shirley Warren Buffet
http://www.youtube.com/watch?v=KNFXk0GFiHc
I hope Jamie and all his rich friends get the biggest bonuses ever...
And very soon after are taken out and put in front of a firing squad.
Looking at the world, I think many have had enough of these fools.
Can we please tar and feather them first before the firing squad? Straight to execution is to easy for them and I am not being sarcastic.
hmm; well, okay. but just this once.
EPIC!
Grandpa,
All tucked in with cookies and milk on my nightstand. Read me the story about how you became the Market Oracle on the influences of a few insiders? Pleeeeeasssseeeee grandpa?
gee, white man's burden delivers good jungle medicine after all.
Calling Dr Albert Buffet, calling Dr Albert Buffet; alligators looking forward to a nice juicy steak straight from Kansas beef farm.
Buffett is wildly popular, even in Detroit.
Southeastern Mass.
Today drove by Salvation Army Thrift Store/Family Center.
Every parking lot was filled. I drove around the building. The auxiliary satellite lot across the road was filled. There was even a little 'that's my space ' tension for opening spaces.
Forward!
It's exactly the same here (upper midwest)...
I rebuild and restore antiques as one of my sick and twisted little hobbies. I used to find fabulous pieces--really iconic best-ever-made stuff--at Goodwill for a few bucks. Several years ago, It was typically just me and maybe one or two other skanks in the joint. Now, you can't even get in the lot. I don't bother any more.
And now there are 15 vacant stores in my local mall--the biggest and fanciest in the state. And not one of them has an [insert cheap Chinese junk clothing store name here] opening soon (!) sign in the papered-over window. Previously, I have never seen more than the inevitable couple of stores changing hands at any given time. A lot of these spaces have been there for a year, and now the are really piling up.
You might not believe a ZH article, but there is a point at which you have to belive your own eyes.
"A bargain" !---Jeez, they should get a room, already.
Mr. Buffett, I sure do hope you are still alive when the shit hits the fan.
My dream is to see you and Dimon hanging from the same lampost, you MOTHERFUCKER.
+1 MM vmromk !!!! I share the same dream with Buffett and Dimon acting as human ornaments for the town,
I'm sure that Satan nas two of the hottest hinges of hell reserved for his best subjects, Buffett and Jamie D..
You called him a MF, which is just another word for "Dad". Not so sure he still "does" his kids' mother.
His treasure lies elsewhere, so his heart and head can't be far from that.
It's someone who wants to fuck their mother if you want to analyze it. The fact is there has been a transfer of wealth, and this man, Mr. Buffett is sitting on some of it. This orchestrated transfer of wealth has left a road ablaze to the piflerers and shysters. This scam called globalization will kill hundreds of millions of people. Had they explored another method to reach the top of this ladder dripping in blood and anguish? If so, I have not heard of it. This makes them murdering thieves, MoFo.
"Were it not for government bailouts, for which Buffett lobbied hard, many of his company’s stock holdings would have been wiped out."
Any questions?
My understanding was that it was he that was lobbied not the other way around.
Microsoft had a great day yesterday.
Preferred stock deals Vet.
Him earning 8% and in a secure position in front of other investors.
"Get down on their knees and thank The Lord that Bernanke was there." - Buffett
http://dailybail.com/home/warren-buffett-get-down-on-your-knees-and-than...
Bernanke in action:
http://www.youtube.com/watch?v=9QpD64GUoXw
Last week is really smoking out the cockroaches.
Coming from Warren this truly is a compliment. Having said that Jamie still has a Bank to run.
With still no recovery in sight....sure "he's a bargain." But how about the Bank?
Are they creating capital here? Or still just "betting on recovery" while hedging?
They all pay themselves well...the irony that it was Bill Gross who got "kicked out of the club" however is not lost on me.
All those redemptions...just in time for...
PAY THE PIPER MOTHER FUCKER!*
Wait patiently, people, and the day will come, when someone will stare down his bootleg into ole Dimon's eyes and say: "And that's why I am more alive than you!"
Choke on a dick, Warren.
what does it profit a man to gain the whole world and lose his soul
Such philosophical questions only disturb the regular business ... ;-)
Spiritual question Bear.
My german is much better! ;-)
Reptiles don't have souls.
reptiles are much nicer beings than buffet and dimon. and so are the spiders, flies etc. they are even bellow parasites as it takes a human to behave like a parasite and at the same time talk about justice.
I think he ment reptillian
These uber rich people are really getting senial.
Someone forgot to feed Uncle Warren his crazy pills.
Delirious is how I would describe them. Dr. Feelgood still alive?
https://www.google.com/#q=delirious
de·lir·i·ous di?li(?)r??s/ adjective adjective: delirious 1. in an acutely disturbed state of mind resulting from illness or intoxication and characterized by restlessness, illusions, and incoherence of thought and speech. synonyms: incoherent, raving, babbling, irrational; MoreAnother insight from Uncle "Bath Tub" Warren......
How many criminal acts has JPM engaged in recently ?
http://en.wikipedia.org/wiki/Graham%27s_number
All of them.
The cartoon is missing the being an accessory to Madoff thing.
Please die already you old crony coot.
Heckuva job, Brownie!
Buffet vying to beat Dimon to the hanging tree first.
Buffett...what a f'in sleaze.
How TurdBuffet' got rich: Back in the 50's,60's and 70's when inheritance taxes were 100% of anything over $500,000, if you had a successful family owned manufacturing company and croaked, your heirs would be foreced to sell your scucessful company just to pay the taxes on what little they were left with. Enter the kindly grandfather TurdBuffet' who would be there with the cash in one hand while lobbying against inheritance tax elimiantion with the other.
Pennies on the dollar Buffet.
"American Class Asshole"
Yep, americKKKa loves BUFFETT, at least their told so,..
Amerikkka loves BRK.A, every pension fund has a slice,... every pensioner profits from raping his lessor brother
The USA is a nation of brother fuckers. New? Nope, been this way since USA was a UK penal colony pre 1776.
People involved in the business have been watching this crony capitalism for some time. The banking crony capital is open to better understanding of the collectivist attack on anyone attempting to create as opposed to consolidate. Particularly evidenced in financial. technology and health sectors. No free market and no laws. TARP had the FED collateral table printing 85c on a market priced at 8c. Never mind the commercial paper crime at GE. It is nothing more than JP Morgan and Edison stealing from Tesla to get Niagara Falls power plants. Japan dealt with there bubble by having there top banks become irrelevant. Now we have Krugman saying we have the guns so.... Howard Beal em all....
http://www.ecominoes.com/2013/03/warren-buffets-railroad-cronyism-in-one...
I wish both motherfuckers were locked up.
The nerve. At what cost, Mr. Buffet,? At what cost will society have to pay in order to make up for your mother's conditional love, your small penis, your running scared? AT WHAT PRICE? HOW MUCH BLOOD WILL IT TAKE FOR YOU TO FEEL LIKE A MAN?
Blood? if you stuck him with a needle he wouldn't bleed.
Buffett is just another con artist. He knew what banks were going to get bailed out before he bought their stock dirt cheap. He's no better then Mr. Madoff.
They're just fucking with you.
Hang the old fuck, with yukele strings !!!
Warren Buffett is a lying criminal douchebag , and he can go right ahead and fuck himself.
And that's all I have to say about that.
But does he pay Becky Quick $20 million?
Yes, $20MM for Becky's child, seem Uncle Warren B has a thing for young children. Just another reason WB will burn in hell.
Warren and Jamie should be put on pay per view in a fight to the death. I'd pay $100 to watch.
Next week, the winner gets ...uhm hell insert name, there is just too many to choose from.
Hey, don't forget the womerns.....first match would be Hillary the Killary Klinton vs ......
Gwen Ifle
hey that works but she's gotta have a fight name.......
I guess a modern day jay gouldish ghoul, but now you can leverage into forever. Yeah just we need a summers eve circle jerk crew that levers it up into the quintillions. That easily enough to wipe out everything that you may have ever liked about this place. We're just ants to these toads on a helicopter ride or Lear jet. Never worked a day in their lives or looked someone in the eye.
They always have a woman spokesman woman whatever to distribute the dribble or fire off people because you're less likely to react in violence when you get shitcanned. Typical bitch move.
The have no loyalty to anyone below the helipad, to bad we still live here. They are countries all to themselves now, with America infiltrated already with them in the utility and Infrastructure business and all else. They try to make it set so you can never rid yourselves of the tentacles. But I'm beating a dead horse. Again.
Where's the hellfire missles when the Real Terrorists are preening at their annual Davos circle-jerk?
C'mon Obama, they're sitting ducks.
Lying sack of shit. That cheap senile bastard won't even buy a new car let alone pay a talentless bankster $30 million per year. Anyone can turn a big profit off of infinite free money at 0.0% interest.
The car doesn't make him money.
The bankster does.
And apparently neither the car nor the talentless bankster go to jail after being engaged in felonies.
Yet, folksy Muppets love the down to earth Buffett.
Once again Buffett tries the Jedi mind trick and fails miserably
I believe there needs to be some righteousness behind your actions when you use it Warren (and [generally] profit or tormenting the peasants isn't righteous)
He is a creature of fiat... when fiat dies, so will his "empire" built on lies and paper money.
$oros and Buffett$ will pledge mega-bucks to get warmongering "environmentalist" bank-crony Hitlery Klinton elected. More war-profiteering for $oros, no pipelines for Buffett's competitors and more taxpayer dough for Buffett's banks.
So true ER.
1 loved the blood comment lol
We might get a pipeline now that crony buffet is in...
Warren Buffett Buys Stake in Pipeline Company on Same Day as North Dakota Oil Train ExplosionOligarchs like Kings have to stick together in tuff times and only split up when the Titanic becomes unsustainable; then its every man for himself. Thieves fall out when the game goes from push to mad shove or when the pushover of masses becomes an enticing rainbow to pick up golden apples. One way or the other, hubris or fear tears them apart.
Here is an amusing twist to the 1% hype of american corporate exceptionalism as practiced in the Bay area :
Tom Perkins WSJ Letter - Business Insider
People treat the 1% rich like the Nazis treated the 1% Jews during Krystalnacht....
Now that is one hellva analogy.
I don'think Matt Taibbi could have written it any better Tyler. You need to write more of your blogs with the same sort of "buffet seeking close encounters of the rectal sort with Dimon" sarcasm, to drive home the point (no pun intended) in a satiracle and comedic way. Trust me my friend you'll sleep better and I will worry less about the possible megative effect so much negativity is having on you.
Good job on this story!
I have to be one of the biggest haters of buffet's cronyism on here I expose his corruption every chance I get. Now I'm going to have to start on that douche bag jamie demon. Remember those presidential cuff links? Remember Obama telling us how smart Jamie is? Warren's not the only one who's in bed with obama.
President Obama's Favorite Banker
Remember the video showing out National Buffoon, Joe Biden, proclaiming that Jon Corzine was his uber-go-to guy in all matters financial?
Remember the video showing our National Buffoon, Joe Biden, proclaiming that Jon Corzine was his uber-go-to guy in all matters financial?
Well you have to give Obammy a break on the how smart he is thing; I mean, Jamie can speak english without a teleprompter and add and subtract and shit like that; you know; it's pretty overwhelming for him.
Used to admire ol' Warren, but now he's like a rich guy in the old Soviet Union, profiting only because of connections to The State.
Sad. There are no super wealthy Capitalists, just fascists.
Instead of joining the buffett-bashing, I think I choose to go contrarian on this one.
Listen, do you think Michael Burry spend his days on UCLA buffett bashing on blogs, don't think so. Instead he read Marry Buffett's "Buffetology", Graham's "intelligent investor" and Phisher's "Commons stocks..." and what did he do, got 40% annually if I remember correctly trading stocks for his Scion Capt. fund. Then made a bet against CDOs thus kicking Goldman in their Sacks and then defaced that blubber face Greenspan and his croonies in NY Times op-ed. Now that's action, that's how you give the finger to the criminals. Go out there people, learn to play that stocks game, beat those asholes in their own game. I'm doing it and so are plenty of people out there. There is plenty of blogs out there with recipies: http://buffettfordummies.blogspot.com/ Go download Burrey's blog entries: http://csinvesting.org/wp-content/uploads/2013/07/Michael-Burry-Case-Stu...
And trust me writing simple profitable fx trading algos is not rocket science either. I like a good bashing but it doesn't leave a bad aftertaste in my mouth when I know I' m not getting totally screwed by the machine.
Warren Fucking Buffett, the guy who said to Charlie Rose in 2008: "We need - we have a terrific economy. It's like a great athlete that's had a cardiac arrest. And it's flat on the floor, and paramedics have arrived."
How many world class athletes are suddenly struck down by a heart attack unless they're on some type of performance enhancing drugs? And Hank Paulsen was the fucking paramedic?
Someday Buffet will be dead.
The Sun will shine a little brighter that day.
Buffet is a fascist.
Just like Hitler, Stalin and Mao.
Thanks for all your hard hard work Warren.
I have something Buffett and all his wealth can't buy... time!
At 86 his time is rapidly running out.
Knock, Knock! Who's there?
Warrant, Buffet!
In all honesty... Buffett is an amazing capitalist. Lets not forget that the right to lobby the governemnt is in your laws. Plus to be completely honest the vast majority of you have no idea how close the U.S. and the western world fot that matter were to the end of our economies. I sure as hell enjoy speaking english and living in a safe country. Whoever disagrees I hear Argentina is nice this time of year. ohhh yeah and start learning mandarin.
"Plus to be completely honest the vast majority of you have no idea how close the U.S. and the western world fot that matter were to the end of our economies."
If this is true, why isn't anyone in jail for bringing us so close to "the end of our economies"?
WhatWereYouThinking,
What are you thinking?! You are a clear case of Stockholm Syndrome, whereby the captive admires the captor, for fear of suffering more harm.
Get off your knees. That's undignified.
Anyone who has heard Dimon speak, let alone see him operate, knows that he is a thug. His pay rise is hush money, imo. He knows who did what when and why. The banksters and congresscritters are scared of what he knows. This is a shakedown, so his lips are sealed, and their secrets are safe.
Crony capitalist Buffett must be in deep trouble to come out with this gush, like a school child.
"Crony capitalist Buffett must be in deep trouble......." We can always hope!
A lawyer told me once... "I make so much because I have to lay in bed knowing secrets about my clients that I can't even tell my wife." Based on that thesis Warren is correct.
A arrogant lying SOB under that grey hair. Tough it out all-right.
No wonder Buffet and Gates (Mr death panels) get along so well together.
One Unethical person praising another unethical person -- my response to both of them is this "Have you no sense of decency?"
Jamie Dimon is a genuine financial wiz in the same way he's "Greek."
Warren had me until he started pimpin' for the Squid several years ago.
Now he's pimpin' for the biggest banking fraudster in world history.
The don't have Omaha Steaks and Dilly Bars and Cherry Cokes in hell, bitch.
Not at any price.
Buffett ripped me off personally by lowballing a bid on one of my larger holdings (Clayton Homes), which a slim majority of shareholders accepted because they were in awe of his presence. God damn people are so stupid.
So a greedy bastard ripped off a greedy cunt?
Wanker
Stack On
Calling Omaha...Would someone there please stuff a railroad car in Warren's orifice.
Pretty please?
what kind of a fucking asshole would increase someone's pay by 74% after paying $20 billion and counting in fines....????? and exactly when is the fucking fat cat buffoon going to pay the $2.5 billion in back taxes to the IRS....
this is simply the fat cats shitting in the face of the rest of the population essentially demonstrating they dont give a flying rats ass fuck and they own the shoe shine boy government from the WH to the DOJ and the IRS.... the rest of you useless protoplasm can eat shit and die.... the epitome of arrogance.....
jamie called and warren said
let me know when you can squeal like a pig
"oh", "oo" and "ee" "oh", "oo" and "ee" "oh", "oo" and "ee"
nah yuo need more practice
i love the fairy tales they show on bloomberg where they tell you the warren buffet story, fantastic propaganda, the most honest man in finance with an eye for numbers and a nack for sorting out complicated legal situations his company always seems to find themselves in but turns out no laws are ever broken as warren and his mate bill gates use philanthropy to save the world.
I have to go with ghostinthemachines and be Contrarian. Buffet's right. Jamie Dimon runs a profitable institution that survived the crash better than any other Large Banks. He probably has better international structures to survive the next crash. I trust him far more than our Government ability to survive the next one.