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JP Morgan Chief Blasts US Dysfunction: 'It's almost an embarrassment being American'
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2017 Jul 14, 2:35pm 1,708 views 7 comments
Comments 1 - 7 of 7 Search these comments
The bailout of the TBTF is a treasonous crime by voters' & their, "Yea" to bailouts, elected officials.
Fuck you D & R voters.
How many of these assholes were hurt by the 2006-2008 fubar?
The above commenters are not wrong. There are some DEFINITE problems with Jamie Dimon, the bailout, Wall Street, and that whole mess. I had some reservations about the post because of that. But I like it that some Wall Street chiefs DO acknowledge that SOME regulation is necessary, and that the infrastructure and education are gravely impaired.
he above commenters are not wrong. There are some DEFINITE problems with Jamie Dimon, the bailout, Wall Street, and that whole mess. I had some reservations about the post because of that. But I like it that some Wall Street chiefs DO acknowledge that SOME regulation is necessary, and that the infrastructure and education are gravely impaired.
Dimon loves regulation. He uses it to squash his competition.
GNL
2017 Jul 15, 9:42am
APOCALYPSEFUCK_is_ADORABLE says
What's really embarrassing is that a criminally insane piece of shit like Jamie Dimon is not chained to a pipe in a shower in Allenwood.
You must have real feelings about this. That sentence is very unApocalypseFuck of you. Its' missing the word "Yams" and "Skullfuck".
re comment six above
this is VERY perceptive and accurate statement. In fact, it would be safe to generalize from it to the proposition that most regulation in this country has become perverted from its arguable original intention to control wealthy or corporate malefactors to the benefit of the general population, 180 degrees bass-ackward to regulating or taxing the general population for the benefit of wealthy or corporate malefactors.
Or, to use regulation to protect market share of the monopolistic or oligopolistic corporations by imposing start-up or operatiaonal or legal costs on lesser competitors who might otherwise threaten that market share.
Excellent comment by theoakman
FortWayne
2017 Jul 15, 3:53pm
I agree with Jamie there. Journalists just trash Trump all day, but that does nothing for America.
https://www.theguardian.com/business/2017/jul/14/jp-morgan-chief-jamie-dimon-american
“We need infrastructure reform,†he said. “We need corporate tax reform. We need better skills and education. If we don’t focus on these things, we are hurting average Americans every day.
“The USA has to start to focus on policy which is good for all Americans, and that is regulation, tax, education, we have to get those things done. You guys [journalists] should be writing a lot more about that stuff. That is holding it back and hurting the average American citizen if we don’t do it.
“It’s not a Republican issue, it’s not a Democratic issue. Why you guys [journalists] don’t write about it every day is totally beyond me.
“I just got back from Israel, Ireland and France – three countries that deeply recognise the importance of having a business tax scheme for jobs and wage growth. We don’t have that.â€
Dimon lamented US failure to build an airport in the last 10 years and the opiate addiction epidemic.
The JP Morgan chief has become increasingly outspoken on political issues since the election. In his letter to shareholders, released in April, he took some subtle – and some not so subtle – swings at the Trump administration. While Dimon clearly favours cuts to regulation, he argued: “Some regulations quite clearly create a common good (eg clean air and water).â€