…I’ll have some. JPMorgan Chase’s stock is very near the peak it reached 15 years ago and a lot higher than it was six years ago. We could all stand a little persecution like that. Some people just don’t appreciate the benefits they’ve been given.
Hat tip: memeorandum
I think Dimon’s comments can be interpreted to mean: No one has a right to do anything which might adversely affect our profits.
Maybe, Jamie Dimon should pull himself up by his bootstraps and find another job. Maybe he could move to the oil patch and work as a roustabout. There is nothing like slinging metal pipe to make a man feel like a man. Of course, a man does not whine about his multi-million dollar job.
When you have bought and paid for the government you want, I can see how it would make you cranky if they don’t do what you want 100% of the time. But really, this is all for show. The regulators occasionally pretend to regulate and Jamie makes a big show of complaining in public. Nothing will really happen.
Steve
I agree with all the comments above.
The comments are just whining. Dimon has an obligation to advocate for his company; his shareholders. And the growth in regulatory burden is real, and the confusing array of regulators as well. But that said, the regulatory authorities don’t have to do what Jamie Dimon wants.
The politicians, especially Obama, don’t have to lick the financial industry’s boots for campaign cash. Unless of course they need cash to fund their propaganda filled runs for office.
Guarneri, when you are a creature of the government you operate at the pleasure of the government. Or, as the old saying has it, when you take the king’s shilling you are the king’s man.
Speaking of finance, any thoughts on the PE firms taking Caesars into bankruptcy?
Unlike his groupies, Jamie Dimon is not stupid. He is a hustler, and he does not do anything without a reason. He is setting up somebody or something – a bad earnings report is coming out, he wants to sink a deal, he wants to prepare for a deal, he wants to draw out an enemy.
” But that said, the regulatory authorities don’t have to do what Jamie Dimon wants.”
But somehow they always do. Wonder why?$$$$
Steve