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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsCan't make this up: Jamie Dimon thinks JP Morgan is being over regulated. Complains it's 'not fair'.
After pushing trillions of questionably collateralized instruments onto the federal reserve balance sheet.
After whipping members of congress to sign off on permanent bailouts for trillions more in risky derivatives just last month.
After accepting so many back door and front door bailouts I've lost track of them all Jamie Dimon would like to have a word with you about fairness.
http://www.bloomberg.com/news/2015-01-14/jpmorgan-ceo-dimon-says-banks-under-assault-by-u-s-regulators.html
salin
(48,955 posts)of pushing people to taking on more debt than their incomes really can absorb - so that they can extract decades of interest payments. It wasn't part of their business model 25 years ago - but it is now. How did this happen? Absence of regulation. It will only get worse if we continue to deregulate.
Jefferson23
(30,099 posts)Turbineguy
(37,372 posts)remember when you were getting by on a mere $750,000 per year? Yeah, I don't either.
VanillaRhapsody
(21,115 posts)ND-Dem
(4,571 posts)TDale313
(7,820 posts)Where are the pitchforks when ya need 'em?
pa28
(6,145 posts)TDale313
(7,820 posts)JonLP24
(29,322 posts)Ive gotten disturbed at some of the Democrats anti-business behavior, the attacks on work ethic and successful people, Dimon said. 'I think its very counterproductive.
It doesn't mean I don't have their values. I want jobs. I want a more equitable society. I don't mind paying higher taxes.
I do think we're our brother's keeper, he went on. "But I think that
attacking that which creates all things, is not the right way to go about it.
http://www.politico.com/blogs/politico-live/2012/05/dimon-im-barely-a-democrat-123290.html