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Guest Post: An Open Letter to Jamie Dimon

Tyler Durden's picture




 

Submitted by James Koutoulas, President, Commodity Customer Coalition and CEO, Typhon Capital Management

An Open Letter to Jamie Dimon

“People fall not from their weaknesses, but from their strengths gone to excess.”- Aeschylus

Dear Mr. Dimon,

I used to be one of your biggest fans. Back when I was 17 years old working at a Salomon Smith Barney branch in Ft. Lauderdale, you were fired from Citigroup when everyone had you pegged as the heir to Sandy Weill’s burgeoning empire. Everyone at the branch was shocked, as we all knew you by reputation as a brilliant CEO-in-the-making, and frankly, most of us were disappointed as we genuinely were all looking forward to working under your leadership one day.

While your ousting was unexpected, you recovered quickly, and perhaps it helped motivate you to accomplish great things in the financial industry. You came to the CEO post at Bank One, then engineered its acquisition by JPMorgan Chase and took the CEO prize for yourself. All the while, Citi floundered, and you led JPMorgan Chase to become the premier American bank. Under your stewardship, Chase eschewed most of the sub-prime crisis and snapped up some of the choicest prizes in the ensuing crisis, namely Bear Stearns and Washington Mutual. Well done, sir.

Personally, I was proud to be a JPMorgan customer and proudly listed in our offering documents that our firm’s operational capital was safely held with your institution. I enjoyed great relationships with both your hedge fund/commercial banking division and your newly resurgent futures prime brokerage group. We were even on good terms with your private bank.

Then, the MF Global bankruptcy happened. And, I became aware of your bank’s involvement with the firm’s collapse. How the New York Times reports that JPMorgan received 325M in segregated customer funds despite the fact that JPMorgan Chase was a primary custodian for them. Then, JPMorgan Chase reportedly failed to return the funds when MF Global reported that they erroneously transferred customer assets and went a step further into “CYA” mode by requesting a comfort letter indicating that JPMorgan Chase had not received customer funds. JPMorgan Chase reportedly did not receive this letter, yet still, it kept customers’ property.

Through my role as the co-founder of the Commodity Customer Coalition and pro bono counsel for some 8,000+ customers whose property it looks like your institution may be holding without their consent, I have loudly advocated for JPMorgan Chase to return this property. In response to this, rather than doing the right thing, you closed all of my personal and corporate bank accounts and my personal credit card. I have been told by multiple members of the media that JPMorgan Chase has called them and stated that if their media outlet has me on television again, that JPMorgan Chase will pull their advertising from the offending network.

These bully tactics have only strengthened my resolve to protect my clients whom you have knowingly wronged and continue to wrong by improperly holding their property. It has made me delve deeper into what I have found is a pattern of such malicious conduct across JPMorgan Chase’s business groups. JPMorgan Chase bribed officials in Jefferson County, Alabama, one of the poorest counties in the United States, to enter into a disastrous derivative transaction that bankrupted the county and caused an increase of 400% in sewage prices, forcing these poor people to have to choose between food and clean water. JPMorgan Chase designed an overdraft processing system that intentionally prioritized higher dollar transactions so that as many transactions as possible would overdraft, again generating usurious-like fees on the bank of those who can ill afford it. Let’s not forget about robo-signing, forging foreclosure documents, or, getting back to the futures world, failing to properly segregate customer funds.

Mr. Dimon, why do you impugn your character and reputation by allowing your firm to engage in these immoral activities? Sure, the regulators have failed to assess you any meaningful punishments that would deter you from this conduct on a strict, short-term dollars and cents analysis. Every penny of earnings counts, I get it. But, sir, you do not strike me as someone who is trying to pump your company’s stock price for a quarter or two. You are the face of JPMorgan Chase and, I would assume, you plan on being there for a while. Why intentionally destroy any and all goodwill your firm has to make additional revenue that is mostly insignificant in the short-term and, quite possibly, deleterious in the long-term? The only reason I can think of is: because you can. And, that, sir is where hubris starts.

Lately, it seems you’ve come to relish the role of antagonist, bully, and even, villain. You’ve gone on rants about tax rates, how gosh darn profitable you are going to make JPMorgan Chase, and even gone so far as to call out journalists for their share of salaries versus the revenue of news organizations. Put plainly, the confidence that enabled you to build JPMorgan Chase has now become arrogance. Mr. Dimon, I happen to have been a classics scholar and have read this story many times before. It never ends well.

While you have led your firm to a dominant position in the banking industry and record profits of late, you haven’t done it alone. You’ve had the benefit of taxpayer funds, whether you needed them or not (as you claim). You’ve had extremely favorable regulation and public policy that for years has prioritized re-capitalizing banks over the rights of Main Street Americans to be able to bear the fruit of their labor. Yet, you have begun to act like a megalomaniac, drunk on his own power ala Caligula, and attribute 100% of your success to your personal superlatives. People are starting to notice. While Occupy Wall Street has failed to articulate any clear message or goals, they have tapped into a rage in this country that is real and palpable. You have alienated many of your peers on Wall Street and in the hedge fund industry (yes, you have peers). And, now, you have alienated many members of the media that have the voices to spread the word of the ill conduct which your firm has repeatedly engaged in.

In the Niccomedean Ethics, Aristotle described the worst kind of man as the “Incontinent Man,” namely he who knows what he does is wrong and does it anyway. I believe somewhere deep down, you realize that a lot of what you and the bank that you lead do has become increasingly wrong. Why continue to go on like that? You’re at the pinnacle of wealth and power, and continuing to do wrong will not make you meaningfully richer or more powerful. It can only serve to hurt you. “For what will it profit a main if he gains the whole world and forfeits his soul?”

Based on all of your accomplishments, you may think you’re beyond reproach, that you will never have your comeuppance. But, there’s a reason that during Triumphs in Ancient Rome, a slave stood behind the Emperor whispering “all glory is fleeting” in his ear. Because, it is. And, one day, something bad will happen to JPMorgan Chase. I don’t know if it will be a blow-up of the bank’s some $500 Billion in re-hypothecation exposure or a squeeze on its rumored massive short silver position. Or, if the United States will again see a regulator that believes in, and enforces, stiff punishment for misconduct by banks. But, we will all find out should you continue down the path you are on.

So, rather than continuing to corrupt your soul to harm others for negligible gain to yourself, choose a different path. Use your intelligence and your leadership abilities and your charisma to do the right thing, and set an example for the rest of the financial industry by showing that it is better for all society, JPMorgan Chase and Jamie Dimon included, to not crush those weaker or poorer than you by exacting every last cent from them just because you can.  Rein in your malicious activities and focus on the legitimate ones. Be just a little humble -- and remove the target you’ve placed on your own back.

Perhaps, you can start by voluntarily returning the returning all the excess overdraft fees JPMorgan Chase overcharged average Americans through mal intent. While you’re at it, give back the hard-earned property of the farmers, ranchers, retirees, and others who were MF Global clients before I come take it back in court. JPMorgan Chase can borrow at 0% interest from the Fed. Do you realllly need an illicit free loan borne on the backs of farmers?

Whether you realize it or not, you’re at a crossroads.  And, I promise you, one Greek to another, I will ardently help you to come to the end of whichever path you choose.

James L. Koutoulas, Esq.
President, Commodity Customer Coalition
CEO, Typhon Capital Management

 

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Sun, 03/11/2012 - 17:59 | 2245730 hangemhigh77
hangemhigh77's picture

excellent point.  I never even thought of that. Then again WHY would aany of these crooks care about the law, they're immune.

Mon, 03/12/2012 - 00:46 | 2246426 Problem Is
Problem Is's picture

Dear Sathington Willougby,

Allow me to retort.

First, Barry Soetoro is the classic definition of a Useful Idiot. He makes no decisions outside of which cheeseburger joint for lunch. Obama Bin Lyin' does what he is told.

Secondly, your argument suffers from the fallacy of the false premise. You are assuming your Congress douche is neither too drunk, too lazy, too bribed nor too illiterate to read.

I assure you... your Congress douche IS too drunk, too lazy, too bribed AND too illiterate to read.

If they are an incumbent, then vote them out.

Sincerely,

Problem Is

Sun, 03/11/2012 - 14:26 | 2245144 Carbine
Carbine's picture

A Most Excellent Letter Sir! 

The only bone I have to pick with you, is your (perhaps feigned) surprise that Jamie Dimon is acting the way he is.  Many customers of JPMorgan have seen this behavior for a long time.  IMHO, they may be at the heart of the mortgage fraud that is still slowly but surely being exposed. 

I admire your courage in taking Dimon/JPMorgan on and there are many of us supporting you.  Please keep it up!

More than one billion dollars missing from customers accounts and we don't know what happened to it!  Let's try that again as it is so unbelievable for me to  write, MORE THAN ONE BILLION DOLLARS MISSING FROM CUSTOMERS ACCOUNTS AND WE DON'T KNOW WHAT HAPPENED TO IT! 

The corruption exemplified by the MF Global/ John Corzine scandal and its cover-up by regulators, government officials and the MSM is absolutely mind blowing - and a severe indictment of our country.  Can you imagine if a regular old registered investment adviser - just your average hardworking upper middle class family guy - were to close up his business and announce that, sorry, there is several million dollars of customer money missing, there was chaos at the firm in the last few days,  we can't seem to document what happened to those funds and, by the way, customers won't be getting their money back?  Oh yes, I'll be at the golf course from now on and don't even think of bothering me with any questions. 

He'd be strung up by regulators and the press at the nearest telephone poll - right in front of his family.  Mr Fix is in and we should all be screaming from the rooftops like this brave letter writer!!!!

Sun, 03/11/2012 - 17:57 | 2245722 hangemhigh77
hangemhigh77's picture

Unfortunetly letters and lawsuits and lawyers and courts don't do jack shit because guys like Dimon OWN them.  Why do you think these bastard politicians passed the "No Tresspass" law?  Because they KNOW that the lynchmobs are coming.  The only REAL law will be at the end of a rope from a lynch mob now.  There is NO law in this country except for prosecuting 19 year old girls with stealing baby formula from WalMart for their hungry infant that has no father.  If you're a bankster thieving lying scum you CAN'T break the law.  BUT...........You CAN be hanged by a lynchmob.  

Sun, 03/11/2012 - 21:04 | 2246106 sherryw
sherryw's picture

The only bone I have to pick with you, is your (perhaps feigned) surprise that Jamie Dimon is acting the way he is.

It is much more hurtful to know you have lost the respect of someone who used to admire you, than to be ridiculed by someone whose respect you never had.

Sun, 03/11/2012 - 14:11 | 2245175 ISEEIT
ISEEIT's picture

In Hell.

In Hell Mr. Dimon will explain himself before a mirror.

We shall be the mirror.

Mr. Dimon shall be merely himself (it).

Sun, 03/11/2012 - 14:16 | 2245184 Conrad Murray
Conrad Murray's picture

Dimon, at best, will wipe his ass with this letter.

Either someone hangs Dimon, or he will continue to make billions and laugh at you slaves.

Sun, 03/11/2012 - 17:50 | 2245706 TradingJoe
TradingJoe's picture

I can assure you he will wipe his ass with said letter and will continue to make billions until he meets a bullet or a multiple thereof!!! No matter how far his Gulfstream would take him!

Mon, 03/12/2012 - 00:35 | 2246413 Problem Is
Problem Is's picture

Cue-bald Bennie The Bernank provides Jamie with a solid gold box containing US Treasury Silver Certificates to wipe his ass with....

At taxpayer expense...

Sun, 03/11/2012 - 14:30 | 2245212 Optimusprime
Optimusprime's picture

Nicomachean Ethics, I think you mean.

Sun, 03/11/2012 - 14:37 | 2245221 Quinvarius
Quinvarius's picture

You are better off without any accounts at JPM.  Be happy they closed yours before the rush.  Mr Dimon is the source of the 3.5 billion exposure to Greece number, which underestimates the true number by at least a factor of 1000.  When his stupid ass gets his part of the bill, he will be looking to steal from some more customers.

Sun, 03/11/2012 - 14:45 | 2245241 Titan28
Titan28's picture

I never liked him, even when he was 'good.'

Sun, 03/11/2012 - 14:55 | 2245248 monopoly
monopoly's picture

I hope James K. checks under his car before he starts it up in the morning. This is an excellent rant, but until it reaches the front page of the WSJ and NY Times....which it will NOT> Nothing will change. They all have escaped punishment. They have all their wealth, their status is intact and they do not pay any price. So why not just keep doing what has worked for so long?

There is no doubt in my mind our once great Nation is in decline. We have lost the respect of the world, are hated by many, and cannot even take care of our own people as a nation. We have the 3%, 10% or whatever, and then there is the rest of us. People like Jamie are the epitome of those in power who care nothing about others. Just greed, power and to hell who is crushed. But it will not change, no regulators, politicians or cops will do what needs to be done until millions march on Washington. And I do not see that happening any time soon. Our "spring" has turned into fall and if we allow this to continue much longer, a cold harsh winter. 

At what point did we turn upon ourselves just so the few can have more? How much does one need? How many houses, yachts, cars, or fancy clothes does one need to feel they have garnered "success"? It just shows me how much of a failure they all are.

Sun, 03/11/2012 - 14:52 | 2245251 DavosSherman
DavosSherman's picture

I learned something today: I didn't know Dimon could read.

Sun, 03/11/2012 - 15:03 | 2245268 HeavydutyMexica...
HeavydutyMexicanOfTheNorthernKingdom's picture

jamie dimon is just another layer of abstraction.....

Sun, 03/11/2012 - 15:36 | 2245339 q99x2
q99x2's picture

Cut the chase and tell him like it is. Fuck you Dimon. You're headed to jail mother fucker. 

Sun, 03/11/2012 - 15:39 | 2245345 Conax
Conax's picture

"You came to the CEO post at Bank One"

Now I know why they were trying to cheat me at the end of a car loan.

I had to fight with them for about a month to get the title AFTER the loan was paid off. Somehow they figured I still owed them about $400. I didn't.

Now I see this rat bastard was running that hellhole.

Sun, 03/11/2012 - 15:42 | 2245353 pacu44
Sun, 03/11/2012 - 15:42 | 2245354 pacu44
Sun, 03/11/2012 - 15:47 | 2245363 eddiebe
eddiebe's picture

What Dimon and his kind don't realize is that they do have a soul and that because of that soul they are the very people they are fucking over. Just not at this time.

Sun, 03/11/2012 - 15:48 | 2245367 devo
devo's picture

When you admire Jamie Dimon, you deserve any and all subsequent disappointment.

Sun, 03/11/2012 - 15:54 | 2245379 Atomizer
Atomizer's picture

Jamie Zirconia Di[a]mon[d] in the ruff has been utilized as a snake oil salesman for years. The public has finally caught on to his wisdom.

Sun, 03/11/2012 - 16:07 | 2245414 rsnoble
rsnoble's picture

Oh look.........someone decided Obama is a worthless POS and needs to be impeached:

http://www.prisonplanet.com/media-cover-up-of-obama-impeachment-exposed....

Of course there was plenty of talk about a Bush impeachment and nothing happened.  I'm sure the War on Terror has provisions for this.  Fucking bastards.  They've taken this shit way too far, way too fast.  Implosion enroute imo.

Mon, 03/12/2012 - 00:31 | 2246410 Problem Is
Problem Is's picture

"Obama is a worthless POS"

Boy... You are really giving Bullshit Barry a lot of credit AND the benefit of the doubt on that one...

Sun, 03/11/2012 - 16:18 | 2245435 jmcadg
jmcadg's picture

I can't even get past the first page to comment.
Dimon is THE most abhorrent of all these cunts.

This sack of shit deserves unlimited nights with Bubba
... and his mates.

For me he is enemy no.1
He embodies everything I despise about bankers
and this whole immoral ponzi.

He has no redeeming features whatsoever.
Apart from my (ex!) in-laws, he is one of very few people I would happily watch burn alive. I would do a little jig, and I can't dance.

I'm sure there are many ex-MFGlobal clients who would enjoy such a spectacle.

Don't forget he is also earning handsomely from all those needing food stamps.

EVIL EVIL EVIL FUCK.

Enjoyed that ;)

Sun, 03/11/2012 - 17:49 | 2245700 hangemhigh77
hangemhigh77's picture

I'll bring the matches

Sun, 03/11/2012 - 16:19 | 2245438 New American Re...
New American Revolution's picture

I've got an open letter to Hymie Dimon. 

  Due to your involvment in the March 11, 2008 at the luncheon meeting at the New York Federal Reserve Bank hosted by Timothy Geithner and Ben Bernanake, you will be indicted by the New Congress for RICO violations and tried by the reconstituted federal courts by a special prosecutor.  Hopefully, you and everyone involved in the meeting and those who aided and abeited said RICO statutes will go to jail for at least 10 years, all the profit that either you or your firm received foreited to the Court, and if said firm(s) are found to be insolvent, will be restructured in a pre-packaged bankruptcy or dissolved.

 There will be no statute of limitations.   We'll be coming for you.  Sleep tight, and think of your cellmate, Bubba, because he's thinking of you. 

Sun, 03/11/2012 - 17:47 | 2245695 hangemhigh77
hangemhigh77's picture

Make that cellMATES.  I think Jamie deserves a threesome....Jamie, Bubba, and LeRoy.

Sun, 03/11/2012 - 18:44 | 2245823 CoolBeans
CoolBeans's picture

We can hope...

In the meantime, Bernie Madoff sits in a cell and likely thinks, "WTF?"

SEND DIMON TO PRISION!!!!

Mon, 03/12/2012 - 00:26 | 2246404 Problem Is
Problem Is's picture

Dimon is Jewish?????

All this time I thought he was a New York Puerto Rican and have been pronouncing Jamie like Hymie... you know Jamie....in Spanish...

Learn something new every day...

Sun, 03/11/2012 - 16:25 | 2245447 HD
HD's picture

Two quick points:

   1. There are no ethical bank CEOs. None.  Water is wet, the sun is hot and TBTF bankers would beat a toddler to death with a puppy for a 1% rise in stocks they own.

2. The author of the letter didn't even consider that he might make Karen Finerman cry.

Sun, 03/11/2012 - 16:27 | 2245453 Centurion9.41
Centurion9.41's picture

"Mr. Dimon, why do you impugn your character and reputation by allowing your firm to engage in these immoral activities? "

 

Really!?  Dimon was a scum bag well before all the things Mr. Koutoulas cites.   Koutoulas' eyes are simply finally open and he is no longer an ignorant fool.  Wish he had led off with that admission rather than the "when I was a youngster" BS.

Sun, 03/11/2012 - 18:33 | 2245810 CoolBeans
CoolBeans's picture

Some take longer to open their eyes.

It is sad that many times our young people start out so trusting...

While not wishing to make my sons overly paranoid...I'm trying to teach them that not all is what it seems, that the system is often rigged and not all companies are devised for good.  They hopefully will view the world a bit more skeptically...because that's what they need to do to survive. 

As a regulatory compliance "geek", I've never been more disappointed in the world of business and while I once thought that regulators actually did their jobs with fervor...I now know better. 

Sun, 03/11/2012 - 16:31 | 2245459 BlackholeDivestment
Sun, 03/11/2012 - 17:23 | 2245583 earleflorida
earleflorida's picture

"Evolution of J.P. Morgan Chase & Member NYFRB" ___  *{Yes,... Jekyll Island Founder}

http://en.wikipedia.org/wiki/Chemical_Bank     http://en.wikipedia.org/wiki/John_D._Rockefeller,_Jr.  {sorry won't link?}

Sun, 03/11/2012 - 17:17 | 2245596 Sechel
Sechel's picture

James L. Koutoulas

   Keep it up. You are fighting the good fight.

Sun, 03/11/2012 - 17:32 | 2245639 Hugo Chavez
Hugo Chavez's picture

It looks like the money was legally taken from people who thought they had segrwgated qccounts, since their monies and capital can be used as collateral in certain circumstances.

The politicians and mainstream media know exqctly where the money went. Too bad they dont have the ethics and morals to say it publicly.

Sun, 03/11/2012 - 17:50 | 2245704 JR
JR's picture

"It is impossible to introduce into society a greater change and a greater evil than this: the conversion of the law into an instrument of plunder… In order to make plunder appear just and sacred to many consciences, it is only necessary for the law to decree and sanction it.” –Frederic Bastiat

It is no exaggeration to say that Dimon/Rockefeller/Rothschild and Blankfein/Goldman /the Fed are criminals in the world class, if not a class of their own, and totally ruthless.

Mon, 03/12/2012 - 00:22 | 2246392 Problem Is
Problem Is's picture

"Men will never be free until the last bankster is strangled with the entrails of the last politician."   

 

Attributed to D. Diderot

Sun, 03/11/2012 - 17:44 | 2245686 hangemhigh77
hangemhigh77's picture

Jamie invested in a Gerbil farm

Sun, 03/11/2012 - 17:55 | 2245717 realitybiter
realitybiter's picture

DearMr Dimon

 

You still have several 10's of thousands of my dollars.

 

Until this money is returned I will continue visiting Chase branches and waste your people's time, enticing them with my interest in buying several hundreds of thousands of dollars of CD's.  Always concluding with, "thanks for your time."

 

I am getting quite a collection of the freebies offered from the Chase branches.  I was a little disturbed to not notice any dent in expenses in the last quarterly, so I guess I will just have to work harder, legally nipping at your heels.

 

PBAB -

...oh, and guess what, I got my City to switch all the banking local....

hey, you started it.

 

don't MF and MF-er

Sun, 03/11/2012 - 18:08 | 2245765 hangemhigh77
hangemhigh77's picture

You might try gorilla gluing their ATM's.  That could hit them in the pocketbook.  

Mon, 03/12/2012 - 00:10 | 2246378 Problem Is
Problem Is's picture

LOL... You might be a Domestic Terrorist if...

Sun, 03/11/2012 - 18:22 | 2245793 jfichthorn
jfichthorn's picture

Thank you from all screwed customers of big banks (everyone) for standing up and fighting. I will join you in your fight and will redeem our business from jp morgan if you donot receive retribution and an apology.

Sun, 03/11/2012 - 18:26 | 2245798 CoolBeans
CoolBeans's picture

Beautiful.

I and people like me join you in your fight.  Sign me up. 

I've been on an anti-Chase crusade for a few years now.

Jamie boy sits at the right-hand of the Anti-Christ...or Satan himself.

We look forward to sending Jamie boy and the banksters like him on a one-way express trip staight back to Hell.

Sun, 03/11/2012 - 18:40 | 2245818 Hannibal
Hannibal's picture

Very nice, perhaps way too nice for such a motherfucking scumbag thief who should be in prison by now.

Sun, 03/11/2012 - 19:01 | 2245859 Smokey1
Smokey1's picture

"I believe that somewhere deep down, you realize that a lot of what you do and the bank that you lead do has become increasingly wrong."

 

Deep down, my ass. The cocksucker engages in this shit with eyes wide open and a raging hard-on.

Sun, 03/11/2012 - 19:07 | 2245876 steelrules
steelrules's picture

Jamie, why don't you join the rest of the rats and jump ship.

http://www.moneytrendsresearch.com/mass-banking-resignations-signal-a-purging-has-begun/

Sun, 03/11/2012 - 19:11 | 2245888 W10321303
W10321303's picture

Open letter to a Sociopath? (if you are lucky!) quite amusing, are you serious? where was the part about turning himself in for intensive psycho-therapy as quickly as possible? (With the emphasis on PSYCHO!)  Does he have a daughter? Maybe you can make your suplication on 'the day of her wedding'. But, be careful, he may say, 'Why haven't you ever asked me to be your friend, and invited me over for a cup of coffee?' See the movie again, special emphasis on the scene about half way through when they have the BIG peace meeting and decide how to divide up the new heroin business. That is the world you live in my friend.  Welcome to the Jungle, Guns 'n Roses

Sun, 03/11/2012 - 19:18 | 2245904 Shibumi2
Shibumi2's picture

the individual who wrote this horrible letter should be forced into a life of menial labor. Seriously, who would write shit like this? Starts off with him fellating one of the slimest of the shithead bankers, then he turns into a whiny bitch and asks said asshole to "do the right thing".

 

Turns my stomach what a spineless pussy this guy is.

Sun, 03/11/2012 - 19:33 | 2245938 Carbine
Carbine's picture

So what's the difference between Madoff and Corzine?  Missing customer money is missing customer money!  Oh yea!  One is very nicely politically connected with both Banksters and politicians.  Sorry Bernie, you should have spent more on political contributions!!

Sun, 03/11/2012 - 20:56 | 2246094 CoolBeans
CoolBeans's picture

Madoff made the mistake of not shipping the funds overseas.

P. Contributions = you've made an excellent point.

Sun, 03/11/2012 - 19:34 | 2245940 Joke Heros
Joke Heros's picture

Dimon overthrew Blankfein as my #1 despised bankster when he wen't on CNBC bragging about the 'great things' Chase is doing here in California. This cack had the gall to boast about how many branches and jobs they were 'creating' with zero acknowledgement about the failed banks and employees who lost their jobs in CA due to the financial crisis idiots like him fomented.

He even gave the fart face to the CNBC 'journalist' (who was fawning over his every word and probably blew him afterwards) when asked about the criticism his bank was receiving. I just remember telling myself "This fucker just doesn't get it."

Destroy the too small to bail banks, then sweep in like vultures and proclaim 'job creation' while smiling for the camera. The guy is a roach.

Sun, 03/11/2012 - 19:54 | 2245979 Bansters-in-my-...
Bansters-in-my- feces's picture

Open letter from Jamie Dimon to Joe Public. Fuck Off,I am filthy ritch and immune from criminal prosecution.......

................................SUCKERS...................................

Mon, 03/12/2012 - 00:06 | 2246365 Problem Is
Problem Is's picture

Dimon: "I'm immune from criminal prosecution because I own these bitches."

Obama: "When Jamie says... er-uh..."

Holder: "What he really means is... uh..."

Dimon: "Shut up!"

Sun, 03/11/2012 - 19:56 | 2245980 JacksBalanceSheet
JacksBalanceSheet's picture

Niccomedean Ethics ??

 

Dude, if you are going to cite Aristotle, at least get the name of the book right. 

Sun, 03/11/2012 - 20:50 | 2246079 ebworthen
ebworthen's picture

Fuck Jamie Dimon.

Sun, 03/11/2012 - 21:02 | 2246101 CoolBeans
CoolBeans's picture

The author (and other folks like me who hate Dimon and other banksters) better be careful.

Jamie Dimon can probably obtain one of the government's "heart attack" guns.

Avoid late evening walks, especially

Sun, 03/11/2012 - 22:23 | 2246248 Hugo Chavez
Hugo Chavez's picture

Technically it is not a heart attack gun. It puts the heart into asystole or ventricular fibrillation. Any cardiologist working wirh an electrical enginwer could build one.

The only way to check for it is to look for acute damage, almost microscopic burn type damage at the ventricular junction and left venteicle.

A gun which coagulates the blood is also possible but would never be used. The ciagulation is not specific to the coronary arteries and various areas of acute embolization doesnt occurr and would generate too much attwntion, assuming an autopsy were done which is rare nowdays.

Sun, 03/11/2012 - 21:51 | 2246174 alfred b.
alfred b.'s picture

 

Dimon is regurgerated pizza...and has the personality of a 2x4...except for his groupies on cnbc who idolize the shmuck!!!

Bring him dowm by buying all the physical silver you can!!!

 

 

 

Sun, 03/11/2012 - 23:12 | 2246298 xtop23
xtop23's picture

The tone of this letter is pitifully weak and like that of a dog looking up at their master whimpering, "Why do you beat me with that newspaper?"

Burn in Hell Dimon and JP Morgan.

What comes around goes around you elitist, thieving, fuckwits.

Sun, 03/11/2012 - 23:58 | 2246360 Problem Is
Problem Is's picture

+5... Bravo...

Mon, 03/12/2012 - 00:07 | 2246370 Downtoolong
Downtoolong's picture

A simple message  for  all  the Too Big To Fail  Banks.  When it gets to the point where all your customers hate you, you have failed.

Mon, 03/12/2012 - 00:24 | 2246400 xtop23
xtop23's picture

It doesnt matter if every single customer but one despises them.

Because that "one" is your own government.

 

Mon, 03/12/2012 - 00:11 | 2246379 zebrasquid
zebrasquid's picture

He's overcompensating for his ugly physical self.  Little Jamie Diamond Head Nose.

One day those few bodyguards won't be able to protect him from the hordes.  

Mussolini's head comes to mind.

 

Mon, 03/12/2012 - 07:52 | 2246758 writingsonthewall
writingsonthewall's picture

Nothing will really change until an unfortunate banker is found hung from a tree.

 

...then you might see some real regret - not this fake shit their PR departments are expousing.

Mon, 03/12/2012 - 03:59 | 2246631 joethegorilla
joethegorilla's picture

Mr. Durden,

I own a construction company. I too had all of my accounts closed by Chase including line of credit that I relied on. After many insufferable relationship building meetings over the course of years with the dim-witted and dishonest dough boys at this bank, I realized that the relationship was one sided. The line of credit was called due and when I refused to pay it off, my payment terms were changed to 36 months at 7% over the agreed rate. I refused to pay and went to court. Low and behold, I got to court and lost because they fabricated documents and affidavits which refuted my claims. I was able to prove post judgment to the court that one of the affidavits was fraudulent, the judge agreed and threw out the case.

The judge concluded that lawyer and Chase bank employees HAD TO HAVE KNOWN it was a perjorious affidavit. This bank is horrible.

Mon, 03/12/2012 - 05:21 | 2246651 toadold
toadold's picture

When a country, a civilization, or company fails it is usually quick and "unexpected" by the leaders.  Dimman will go into work someday and before the end of the day his kingdom will be gone and he will be totally surprided.  Think back or read about the collapse of the Soviet Union, The CIA, all those Sovietoligist, reporters, suddenly were surprised.  The few who had accurately predicted that it would fall had been ignored, and were continued to be ignored since it was so embarrasing. It is becoming evident that they are losing control of even paper gold. They keep bashing it down but it keeps ratcheting up. When things finally go "SNAP" a lot of boddies will go into free fall. The falling is harmless but that sudden stop at the end of the fall.....messy. 

Mon, 03/12/2012 - 07:50 | 2246756 writingsonthewall
writingsonthewall's picture

You mention the collapse of the Soviet Union and 'surprise' - well I'm afraid on that count Dimon HAS NO DEFENCE.

 

http://www.businessweek.com/bwdaily/dnflash/sep1998/nf80925d.htm

 

Include in that Corzine, Fuld and Thain - who are RE-OFFENDING CRIMINALS!

They lent to LTCM without asking too many questions and BOOM.

They lent to sub-prime without asking too many questions and BOOM.

 

What are the chances of it happening again?

 

These are repeat offenders - recognise when you are being swindled TWICE!

 

Mon, 03/12/2012 - 11:43 | 2247264 earleflorida
earleflorida's picture

John Thain's ML - currently CEO @ Cit Group, and how other, 'corporate-titan-failures' are still profiteering after failure. Nice!

http://money.usnews.com/blogs/flowchart/2011/06/29/how-11-corporate-tita...

Mon, 03/12/2012 - 07:46 | 2246750 writingsonthewall
writingsonthewall's picture

Here's my open letter to Dimon.

 

Dear Jamie Demon,

 

FUCK YOU YOU ROBBING FUCK-BASTARD I HOPE YOU AND ALL YOUR DESCENDANTS ROT IN THE BOWELS OF HELL FOR ETERNITY - YOU ROTTING PIIIIIIG.

 

Kind regards

 

Writingsonthewall

Mon, 03/12/2012 - 09:08 | 2246867 marathonman
marathonman's picture

Sounds a lot like Barack Obama.  All lies, illusion, and hubris.

Mon, 03/12/2012 - 16:41 | 2248407 sleepingbeauty
sleepingbeauty's picture

James L. Koutoulas is my new hero!!

 

Tue, 03/13/2012 - 11:15 | 2250445 MarcusAurelius
MarcusAurelius's picture

Nice though the rant is, this is the same sort of thing that has been said for many a month now that rules have been replaced with psudo-rules where punishment is deferred for the restoration of a crumbling credit system. I suppose the thought is breaking some rules is the least of two evils of a deflationary collapse? However as society falls apart it is these very rules that were what kept it together and made it respectable. The larger issue is, "why aren't the American people doing something about it". I can't really fathom a society that is built entirely on illusion but that is what America is fast becoming. 

Tue, 03/13/2012 - 11:15 | 2250446 MarcusAurelius
MarcusAurelius's picture

Nice though the rant is, this is the same sort of thing that has been said for many a month now that rules have been replaced with psudo-rules where punishment is deferred for the restoration of a crumbling credit system. I suppose the thought is breaking some rules is the least of two evils of a deflationary collapse? However as society falls apart it is these very rules that were what kept it together and made it respectable. The larger issue is, "why aren't the American people doing something about it". I can't really fathom a society that is built entirely on illusion but that is what America is fast becoming. 

Tue, 03/13/2012 - 19:45 | 2252309 papaclop
papaclop's picture

Hey Dimon, you lump of crap.  I hope someone gets you.  I'll bet they do, too.

Tue, 03/13/2012 - 20:01 | 2252372 papaclop
papaclop's picture

JP Morgan, in it's ever self protecting fashion, decided to do a buyback today to goose their stock.  Wait until the market finds out that ole JP is on the hook for trillions as these credit default swaps start kicking in.   The dumb shits.  Their greed always gets them in the end.  Right in the star!

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