Jamie Dimon has met the American economy's enemy, and it is us.
The JPMorgan Chase CEO brayed his thoughts on the sluggish economy to a crowd of employees and probably-bewildered customers at a local Chase branch in Upper Arlington, Ohio, on Tuesday.
To sum up, Dimon's message was: Aren't you all ashamed of yourselves for what you have done.
"It's because of us. We scapegoat each other. We point fingers," Dimon said, according to The Columbus Dispatch.
Some economists say the economy is limping along because consumers are still too weighed down by debt. Some say it's because policy makers haven't done enough to help. Some say it's because banks just refuse to lend. Dimon knows better.
The real reason the economy is doing poorly, according to Dimon, is because of our constant finger-pointing and asking of unhelpful questions, like: "Why aren't banks holding more capital?" and "Why aren't any of you bastards in jail?" and "Who took all of my money?"The Huffington Post
Jamie Dimon Blames You For The Lousy Economy
Mark Gongloff | Chief financial writer, The Huffington Post
Don't know whether to laugh or cry.
6 comments:
Don't know whether to laugh or cry.
Actually you should be pissed off…and Dimon should be pissed on.
Well, he has a point.
We elected the gov we have.
We let that gov abandon regulation.
We let Dimon do what he does.
Speaking to the community, he's correct. If he has any interest other than crime, he should still resign & do something more productive.
We elected the gov we have
Our system is pay-to-play, based on corruption.
We are given choices that include only those that had support of the monied interests.
Beyond that we don't have much to say about how we are governed other than to opt out of the system, and that doesn't appear to be a very popular choice.
Our only other choices appear to be pitchforks or guillotines.
I'm going with the pitchforks and torches.
elect mitt romney and jamie will be proven right. 99.9% of the population will not only be pointing fingers at the "job creators", they will not be doing their part for the economy as they will not be spending (since they will have nothing left to spend).
lousy peasants - you must pay to be able to make noise in the future.
When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it. — Frederic Bastiat.
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