Maria Bartiromo is nothing more than a Wall Street shill. Watch the clip as she defends Dimon and JP Morgan because it "makes money." Nothing else matters. Hey, Maria, the Mafia and drug pushers make money, too, so how 'bout we just let them pay a fine and not admit to any wrongdoing, like your good buddy, Dimon? What a suck up. CNBC is full of these apologists.
What is wrong with Comcast to allow this to go on even as their ratings plummet? Hard to figure.
J.P.Morgan does not make money. Most of their so called "profit" derives from the TBTF subsidy, according to this estimate:
ReplyDeletehttp://www.bloomberg.com/news/2012-06-18/dear-mr-dimon-is-your-bank-getting-corporate-welfare-.html
But possibly that underestimates the amount of corporate welfare that banks get. Andres Haldane of the Bank of England estimates that the TBTF subsidy EXCEEDS bank profits by a comfortable margin. If that's correct, then banks make no money at all.
Mike,
ReplyDeleteThey could let the CNBC morons create this this type of programming for recording during the day, and then do a show over on MSNBC at night like this ridiculing the CNBC moron videos from earlier that day and it would get higher ratings than the Duck Dynasty thing...
rsp,
Mike,
ReplyDeleteMaybe try to take this to the MSNBC people?
Looks like they are currently reorganizing over "Progressive" lines at the MSNBC site...
The "bottom line" should be ratings after all...
rsp,