Let QEdom Ring!... Or The One In Which Jamie Dimon Quotes Martin Luther King

Tyler Durden's picture

When one thinks of the bailout-taking, London-Whale-suffering, regulatory-fine-paying, pay-rise-taking CEO of JPMorgan, the first analogy is not the philosophical similarities between Jamie Dimon and Martin Luther King. But, according to Dimon's letter to shareholders below, he feels injustice has been done and quotes MLK on the future ahead. "The arc of the moral universe is long, but it bends toward justice" Progress, sometimes painful and slow, has been happening all around us all the time, and the optimist in me believes that it will continue." What a year... he begins.

Dimon "has a dream" of a post-QE, Fed has the tools to exit, inflation not a problem, world is gonna be great future where little rich boys and little poor boys play together.

Let QEdom ring!


Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Dr. Engali's picture

I have a dream too, and it's a world without the likes of Dimon and his ilk. Little bitch cries about injustice while at the same time bragging that he is richer than us.

Dollarmedes's picture

Wall Street and Selma, Alabama...totally the same!

Stoploss's picture

Why is Yellen in the bathroom with him???

Two-bits's picture

Cause Mr. Yellen is standing at the urinal. duh.

Ban KKiller's picture

"It's yellow rain"and it is no dream.

Two-bits's picture

they call it mello yellen...

Kaiser Sousa's picture


"wipe them out....all of them..."

thatthingcanfly's picture


The fact that he would quote that plagiarizing, womanizing, Communist with a KGB informant as chief advisor during the height of the cold war, slimeball, sycophant MLK (not even his real name) tells us all we need to know about Jamie Dimon.

Lord Koos's picture

Much in the same way, this post tells us all we need to know about you, Einstein.

Shad_ow's picture

Been to Selma lately?  It is primarily run by black democrats.  Not the same at all.

waterhorse's picture

This would be how Dimon "justifies" the connection...

"Court approval for the deal would put an end to Jefferson County’s (AL) more than five-year struggle with its debts, which began with the effects of the subprime mortgage crash that cascaded in unexpected ways through complex financing arranged for the county by Wall Street banks led by JPMorgan.  The arrangements left almost all of the county debt taken on to pay for a new sewer system with interest rates that reset periodically, similar to adjustable-rate mortgages. JPMorgan and other banks also sold the county related derivatives to protect against the risk posed by the securities, earning undisclosed fees of about $120 million, according to the county’s former financial adviser. "

Jamie probably thinks of this as "doing God's work" like Blankfein, but cannot understand why the distasteful unwashed masses are "jealous" because he's richer than them and "persecuting" him for it.

synergize's picture

How about we get rid of the Fed and bring some of that justice back, so you and your banker friends cant print unlimited amounts of money at the common man's inflationary expense? 

Oh dont like that idea?  Didnt think so - your "justice" is when your too big to fail bank gets taxpayer support and unfair advantages acting as a parasite on the system.  You bankers make me sick!

We wont have justice until we abolish the Fed and let the banks fail.

Ignatius's picture

"I have a dream too, but in it I'm not wearing any pants."  -- A. Whitney Brown

I'll guess Dimon didn't mention that MLK was killed in a conspiracy that included government agencies.  It's all in the book An Act of State by William Pepper, the attorney who won a civil lawsuit in Memphis on behalf of the King family in 1999.  The jury was composed of 6 blks and 6 whts.  I was stunned that I did not learn this till years after the verdict (thanks MSM... assholes).

Tom_333's picture

You know - I believe JD may think that way. And feel that he is wronged.And that justice according to his perspective ultimately will be done. After all - one of his colleagues feels that he is doing "God´s work".

In the bigger perspective I have the last 5- 10 years begun to feel that this "justice" and karma thing may just be a slight adjustment of the Pareto-balance. Not more.The moral question is if we would do the same things as JD if we had the tools to do them. Most likely we would. Myself included. There may be better human beings among the readers but I doubt they will ever be a majority.I would say at max 20 % going by Pareto´s rule of thumb.

The question at hand is if we are moving towards a more conflagrationstic reset of the Pareto-balance this time. Not impossible. Actually quite likely.There must have been studies performed on this. Anyone seen anything like that? Would explain the never ending rise of the security apparatus.

StychoKiller's picture

Just because "repossessing" a cripple's wheelchair would "increase shareholder value", doesn't mean it's the right thing to do.

Richard Chesler's picture

I have a Drone in the White House?


Two-bits's picture

Here is to hoping Jamie meets the same end as MLK.

Cpl Hicks's picture

You mean a guy with a national holiday and a big-ass statue on the Mall?

Two-bits's picture

We already have President's day on the calander.  Didn't you see the cuff links?

Cpl Hicks's picture

No, but I think I see the handcuffs.

Two-bits's picture

You are obviously not looking at the wrists of Jamie Dimon.

waterhorse's picture

National bankster day?  Perish the thought, unless they were all guillotined and we celebrate in fond remembrance of THAT event.

tarsubil's picture

It would be better I think if one of these guys pulled a road to Damascus.

Can you imagine if Jamie said he was wrong and the system is wrong and gave away all his spoils, grew long hair, and protested on Wall Street? That would be better than him getting offed and being a martyr to the oppressive class.

Gamma735's picture

Jamie Dimon is the epitome of an oppressor.   He is playing the long con.

Disenchanted's picture

What a sad story.

I'm getting out my checkbook to send poor ol Jamie a donation towards those awful legal expenses.

A Lunatic's picture

He was not quoting MLK. What he said was "The arc of the moral universe is long, but it bends toward just us"

Seer's picture

And it appears that it's really: "The arc of the moral universe is long, but it bends toward just asses"

fonzannoon's picture

what a bummer, he does not sound like he is suffering from depression.

Seer's picture

I hope this goes viral.

Al Capowned's picture

As Max Keiser puts it Jamie Dimon is the remainder of the 911 cry babies

1835jackson's picture

This world is ripe for a war and the greatness that mankind can muster. War. Something we are very good at. 

the not so mighty maximiza's picture

no doubt the next war will be seen from other planets

Seer's picture

Well, don't hold back.  Which one(s) do you recommend?  Just one day I'd like to have a good seat... </sarc>

Two-bits's picture

I have heard that the view from Uranus is lovely during a nuclear winter.



I am a Man I am Forty's picture

"where little rich boys and little poor boys play together" that's gold Jerry, GOLD!!

Seer's picture

And more for those that have sacrificed so much for us:

Deutsche Bank mulls raising fixed pay for board: report



Derivatives Rules Softened in Victory for Banks


never mind that real economies are getting hammered...

Swedish Deflation Shock Delivers Blow to Ingves on Price Target



Yeah, makes perfect sense that the bankers deserve all that we can give them...

random999's picture

lol yeah we read about the swedish deflation here in sweden too.. nevertheless i havent notice any dropping prices anywhere. Even the traditional PC prices somehow seem to turn upwards. However it seems that salaries (excluding poltician salaries) seems to have halted.

Seer's picture

"However it seems that salaries (excluding poltician salaries) seems to have halted."

OK, the BIG elephant in the article was that the bankers were expecting to earn MOAR, because, well, because they've managed to get everyone out of "the recession."  But, yeah, politicians are a lot of fun too...

Peter Pan's picture

If the man truly believes his own utterings then he should be instiutionalised.

If it's a slick and sly attempt to elevate his public persona, then let's move on and waste no more time.

I do not wish the man an untimely death (as no doubt some other misfit will fill his place at JPM) but thank God that death ultimately puts an end to such misguided men.

Seer's picture

"I do not wish the man an untimely death"

Absolutely not!  The guy deserves to have time to fully come to appreciate all that he's done.

WillyGroper's picture

And very painfully at that!

waterhorse's picture

But sociopathic narcissists NEVER "appreciate what they have done".  It's not in their wiring.

Ban KKiller's picture

Death to Banksters. Nail guns or falls, I don't care. Too bad we don't have a department of justice, eh?

Round up the fascists while we are at it. 

What happens when you create a huge class of desperate people? The elite fascists know...

q99x2's picture

Arrest the cross-eyed monkey. Send him into space to ward off aliens.

Dr. Engali's picture

Dat's rayciiiiissttt. He is an oppressed minority don'tchyaknow? 

alien-IQ's picture

somebody please shoot that motherfucker.

Whoa Dammit's picture

Next up from Jamie: "Okay. It was never easy for me. I was born a poor black child."

Disenchanted's picture

Jamie sez:



It still remains to be seen how all this will sort out.


No shit?

Two-bits's picture

I think that was a typo.


It should be


...how it will all s(h)ort out.


Seems more accurate.

moonstears's picture

Hey, in other news, Dimon and the boys are gonna get WWIII started, no matter what they must say.


disclosure: I don't trust Putin, or Sorosbama...but WTF, prop-o-gan-da abounds.