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Jamie Dimon: "That's why I'm richer than you"
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TOPIC: Jamie Dimon: "That's why I'm richer than you"
#22406
Jamie Dimon: "That's why I'm richer than you" 1 Year, 6 Months ago Karma: 262
It's so typical of our pathetic propaganda machine that even when presented with some "juicy quote" that it will parrot the quote -- to attract readers/viewers...but then not explain what it actually means.

The context: a banking analyst is conducting a phone-interview with JPMorgan CEO Jamie Dimon. During the interview, the analyst mentions the high "capital ratio" at UBS (higher than that of JPMorgan). This is the ratio of "cash-on-hand to investments"; or in the REAL world of these Big Banks (i.e. casino operators) it's the ratio of cash-on-hand versus their bets.

So when the analyst and Jamie Dimon acknowledge that UBS has a "higher capital ratio" than JPMorgan (i.e. a lower ratio of gambling); Dimon's response is "that's why I am richer than you." Because in an INDUSTRY of reckless gamblers; he is one of the most-reckless.

But of course "reckless" is also a relative term. When EVERYONE already knows that you've proclaimed yourself "too big to fail"; how "reckless" is it when even if you totally blow-up your own Company (or even the whole financial sector), you simply send your bad debts to the U.S. government and say "print-up some more money to make good on these bad bets."

And then this arrogant sub-human has the audacity to imply that making WILD bets which are guaranteed by someone else somehow make him "better" than other people...





Jeff Nielson
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#22408
Re: Jamie Dimon: "That's why I'm richer than you" 1 Year, 6 Months ago Karma: 21
Jeff, at least these commentators laid it bare for the audience to hear. And at least the Mayo gentleman (interviewing Dimon) asked relevant pointed questions.

Contrast that with our Congress months ago when Dimon appeared and we got nothing but fluff (i bet you had plenty, then, to say on 'the study in inertia' congress of ours....i think the congress is the real culprit in this mess - they are the corrupted 'enablers' of financially corrupt system. They are the ones that tore down the walls of regulation. (I am not including Ron Paul here)...
arihalli
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#22410
Re: Jamie Dimon: "That's why I'm richer than you" 1 Year, 6 Months ago Karma: 262
arihalli wrote:
Jeff, at least these commentators laid it bare for the audience to hear. And at least the Mayo gentleman (interviewing Dimon) asked relevant pointed questions.

Contrast that with our Congress months ago when Dimon appeared and we got nothing but fluff (i bet you had plenty, then, to say on 'the study in inertia' congress of ours....i think the congress is the real culprit in this mess - they are the corrupted 'enablers' of financially corrupt system. They are the ones that tore down the walls of regulation. (I am not including Ron Paul here)...


Yes Arihalli.

The point made even by the Bloomberg shill in the clip is that Mike Mayo "isn't popular" among the banking cabal. Why? Because he's not (at least totally) an ass-kissing sycophant...he doesn't show "proper respect" toward the Oligarchs.

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