DEMON DIMON OF JP MORGAN LECTURES US

EASY READING CULTURE OF LIFE NEWS:  DEMON DIMON OF JP MORGAN LECTURES US « Culture of Life News 2

tgx1

Geithner and the Big Apple.

Jamie Dimon—why do all these guys have demonic names?  HAHAHA.  Well, he lectures us at Davos.  Or maybe he is Lechter at Davos?  He is a übergnome, of course.  A big bastards.  He tells that he takes all blame for the destruction of the world’s finances!!!!  HAHAHA.  But is he going to prison?  No!  He lectures us by telling us, he still has plenty of capital.  Of course, he doesn’t say, this money is our money which he got from the guys he claims, let him rip us off in the first place.  These chums of his are our elected leaders, both Democratic and Republican.

The Raw Story | Chase CEO says ‘stupid things were done by American banks,’ as bankers lose Davos clout

JPMorgan Chase & Co. CEO Jamie Dimon is telling a world grappling with the biggest financial crisis since the Great Depression what it wants to hear: 

“I take full blame for all the American banks and all the things they did,” Dimon said during a panel on leadership at the World Economic Forum in Davos, Switzerland Thursday.

Dimon, whose company received $25 billion from last October’s federal “bailout” legislation, said he knows that’s what people want to hear, Bloombergreported. “God knows, some really stupid things were done by American banks,” Dimon said Thursday.

But the 52-year-old banker, who oversaw his company’s of failing U.S. banks Washington Mutual and Bear Sterns last year, also wondered where Washington’s policy makers were while U.S. banks were laying groundwork for the ongoing meltdown. “To policy makers, I say where were they? They approved all these banks,” Dimon said.

Arrest Demon Dimon!  Arrest the politicians who let him run amok.  And let there be many, many rules, regulations and laws preventing this sort of creepy man’s thefts!  This is really too much.  Like a bank robber saying, ‘Well, you let me do it by letting me buy a gun and then rob the bank!  It’s your fault.  You need more laws.’  

 

Well, we had the laws.  And Demon Dimon spent millions of dollars since 1984, undoing these laws!  Corrupting the process. Who the hell hired the army of lobbyists in the first place?  This man has a lot of gall and I hope he sees a lot of gallows in his future.

 

Jamie Dimon – Wikipedia, the free encyclopedia

Upon his graduation in 1982, Sandy Weill convinced him to turn down offers from Goldman Sachs and Morgan Stanley to join him as an assistant at American Express. Though Weill could not offer the same amount of money as the investment banks, Weill promised Dimon that he would have “fun.” In a power struggle, Weill left American Express in 1985, Dimon followed him, and the two took over Commercial Credit, a consumer finance company, from Control Data, which became the vehicle that Dimon and Weill would use to propel themselves to the top of the financial world. Through a series of unprecedented mergers and acquisitions, in 1998 Dimon and Weill were able to form the largest financial services conglomerate the world had ever seen, Citigroup. Although Weill was the one who made the deals, Dimon was the “whiz kid” who made the numbers work.

 

Dimon left Citigroup in November 1998. It was rumored at the time that he and Weill got into an argument in 1997 over the perceived lack of promotion given by Dimon to Weill’s daughter, Jessica M. Bibliowicz.[1] In his 2005 University of Chicago Graduate School of Business Fireside Chat and 2006Kellogg School of Management interviews, Dimon stated that he was fired by Weill.

In March 2000 Dimon became CEO of Bank One, then the nation’s fifth largest bank.[2] He became president of J.P. Morgan Chase in mid-2004 when it acquired Bank One.

jp-morgan

Here is a street shot of the Demon’s headquarters in Manhattan.  I hope the cops look at this and go there and arrest him.  

 

DAVOS-JP Morgan says has ‘plenty of capital’ | Industries | Financial Services & Real Estate | Reuters

“JPMorgan would be fine if we stopped talking about (the) damn nationalisation of banks … we’ve got plenty of capital,” Jamie Dimon said, at the annual meeting of the World Economic Forum in Davos, Switzerland.

Not only should we nationalize banks, we should denationalize Dimon.

 

November 10, 2008:  J.P. Morgan’s Rivas: ‘TARP is going to help deals get done’ (Dealscape)

US-DeptOfTheTreasury-Seal.svg.pngJ.P. Morgan Chase & Co.’s managing director Fernando Rivas said at the Securities Industry and Financial Markets Association’s Summit on the Troubled Asset Relief Program Monday that the TARP program will help increase the amount of completed deals.

“TARP won’t change strategy,” Rivas commented. “The important thing to note is that a lot of the bigger deals happened before TARP.” 

TARP is shorthand for ‘Tax And Rip-off People’.  Without TARP, JP Morgan would be dying of thirst due to lack of liquidity.  Back in November, Demon Dimon was very arrogant and nasty. Wait, he still is!  HAHAHA.  Look at him a few weeks later:

December 23, 2008:  JPMorgan Chase Clarifies Statement on TARP | Business Wire | Find Articles at BNET

After the Associated Press used incomplete information, JPMorgan Chase today clarified its use of TARP funds:

“JPMorgan Chase & Co. is using the TARP funding for the purposes that the government has designated. The company is lending to consumers, small businesses, corporations, municipalities and other institutions in a disciplined and responsible manner.”

Whoopsie!  Too much demonic gloating after stealing loot!  So he toned it down a tad!  Why, he is obeying the government!  Well, another month later, and the Demon is BAAAAAACCCK!  HAHAHA.  He has to tell us, he is great and he wants to slap us around again.  Being a demon, he can’t help it.  He has to use his horns.

 

Did JPM Cause Bernie Madoff’s Ponzi To Collapse?

Let’s talk about the JP Morgan Chase and Bernie Madoff story we mentioned yesterday. If we’re following this correctly, it seems that starting in 2006 JP Morgan allowed investors to make bets on the performance of hedge funds that invested with Bernie Madoff. This basically means that JP Morgan was institutionally short Madoff, which is interesting in itself. What made JP Morgan think it could beat the guy who had over forty-years of steady results?

We know that JP Morgan began to become very conservative with its assets last fall. It made collateral calls on Lehman Brothers and Merrill Lynch, requiring the investment banks to hand over billions. Those collateral calls more or less consigned those firms to death. So did JP Morgan also doom Madoff? It does look like Jamie Dimon’s shop has played the role of the Grim Reaper all through this credit crisis.

Now, this clown is the Grim Reaper.  

YouTube – The Chaser – Grim Reaper tries to get a job in a corporation

I hope JP Morgan gets really tough and hire this Grim Reaper.  He can go to Davos and give lectures in how to really kill competition.  And rule the world, too!  As I keep saying, the connection between death and wealth is more than the fact that both are ‘eath’ words.  No, they are very connected.  And no one knows this better than the Real Grim Reaper.  Mr. Demon Dimon, meet your master!

 

Senators voice support for Daschle over tax records – CNN.com

Obama nominated the 61-year-old South Dakotan to be secretary of health and human services, and the Senate Finance committee — which will vote on the nomination before it goes to the full Senate — is to meet Monday to discuss the nomination.

A committee memo obtained Friday by CNN indicates that committee members want to discuss the use of a car and driver that Daschle didn’t disclose on his income taxes, and nonpayment of taxes on more than $80,000 he earned in consulting fees after leaving the Senate.

Daschle also apparently once filed a tax form listing charitable donations to organizations that did not qualify for a deduction, according to the memo.

On Saturday, the Democratic senators defended Daschle, who served in the Senate from 1987-2005 and was Democratic leader from 1995 until he was defeated in a re-election bid in 2004.

Sen. John Kerry, D-Massachusetts, the senior member of the finance committee, released a statement Saturday saying, “Months ago, Tom personally and proactively addressed the taxes issue and took all necessary steps to correct his innocent error.”

Now, most of the people in this bizarre and disgusting story are very near to meeting the Grim Reaper.  The oldest dragons in the old men’s club of the Senate are closing ranks and defending themselves from their own crimes due to refusing to obey the very same damn laws they pass.  

Arrest them all!

 

I am sick and tired of this stupid double standard.  How about building a huge wall around DC?  Pen in all the guys in Wall Street, too.  Have a masque ball.  And then, the Grim Reaper and the Mask of the Read Death can come and teach them all, who really rules America.

YouTube – grim reaper – fear no evil

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44 Comments

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44 responses to “DEMON DIMON OF JP MORGAN LECTURES US

  1. jeremy/Nashville

    I think this article defines where we are today:

    Depression (economics)
    From Wikipedia, the free encyclopedia

    In economics, a depression is a sustained, long downturn in one or more economies. It is more severe than a recession, which is seen as a normal downturn in the business cycle.

    Considered a rare but extreme form of recession, a depression is characterized by abnormal increases in unemployment, restriction of credit, shrinking output and investment, numerous bankruptcies, reduced amounts of trade and commerce, as well as highly volatile relative currency value fluctuations, mostly devaluations. Price deflation or hyperinflation are also common elements of a depression.

    Contents [hide]
    1 Definition
    2 Characteristics
    3 Notable depressions
    3.1 Great Depression
    3.2 Long Depression
    3.3 Panic of 1837
    4 See also
    5 References
    6 External links

    [edit] Definition
    There is no widely agreed definition for a depression, even though some have been proposed. In the United States the National Bureau of Economic Research determines contractions and expansions in the business cycle, but does not declare depressions.[1]

    A proposed definition for depression is a sustained recessionary period in which the population is forced to dispose of tangible assets to fund every day living, as was seen in the US and in Germany in the 1930s.

    Often, in Canada and the United States, the word “depression” is used interchangeably with “recession”, often to simply indicate a deeper or more serious recession. Some economists require a fall in GDP of 10 per cent or more before a recession would be referred to as a depression[2].

    [edit] Characteristics
    Generally, periods labeled depressions are marked by a substantial and sustained shortfall of the ability to purchase goods relative to the amount that could be produced using current resources and technology (potential output).[3]

    Though there is no widely accepted definition for an economic depression, according to an article in The Economist, there are two rules of thumb found widely on the internet. One is a decline in real GDP exceeding 10%, and the other is a recession lasting 3 or more years.[4]

  2. nah

    fire the bankers rite’ en make a football team of the sux type to fart around durring half time entertainment makin’ honest money
    .
    http://www.youtube.com/watch?v=M_9UTvESBIc
    .
    baseball sux

  3. GK

    Check out the legendary “Bailing out Banks is bad for Wealth” rap song.

    http://www.calculatedriskblog.com/

    Then check out this epic crashing Retail Sales chart!!

    http://1.bp.blogspot.com/_pMscxxELHEg/SW3rqrMjnuI/AAAAAAAAEMA/WwWwwE6KYSM/s1600-h/RetailDec2008.jpg

  4. criticalcontrarian

    Wall off Wall Street, and turn it into a ghetto like Warsaw and Gaza. Then turn off the water supply, electricity and food. Let them eat rats and roaches. Maybe this way they will learn something of substance before they die. Wishful thinking.

    “Life has taught me that luck not intelligence is the yardstick of success, and the greater the luck, the greater the stupidity people are capable of.” ~ (Anonymous)

  5. if

    Davos forum speakers look for key to economic revival.
    “The kick start is going to come from the emerging markets and the recovery in those rather than from the developed world. When we look at countries like Brazil and even Russia – there’s been a tremendous change in values of stock prices but many of the underlying companies are doing well – so there’s almost seems to be an overreaction.”
    http://www.russiatoday.com/business/news/36680
    So those companies & individuals are not so deep in debt than the rest of the world. Let´s pile more on them and we can return to bussiness as usual for a few more years. After that? Who cares?

  6. criticalcontrarian

    BTW Elaine, great rendition of Gollum Geithner. But I personally feel he really looks more like a fair-skinned Orc. ;-)

    Careful what you wish for Elaine…. They are already marching in Paris and London. Next stop Walmart. Also must keep an eye out for the trigger happy Cheney’s and Bushes, or it will be a
    Dallas déjà vu, not a barbeque.

  7. GK

    Elaine, you will not believe this article. It is incredible. It basically posits that the Chinese have been building huge USD reserves by PRINTING YUAN. (This criminal printing of money has been keeping me from investing in communist money.)
    .
    http://www.marketskeptics.com/2009/01/hyperinflation-will-begin-in-china-and.html
    .
    The Communist Chinese have been sterilizing the printing with many central planning tricks (bank reserve ratios, price caps).
    .
    But their resolution to the deflation/inflation debate is that the deflation in the USD due to the crash is a godsend to the Chinese, and they will dismantle inflation controls and then all the communist money will flood the Chinese who will start buying all the crap that they used to ship to Walmart (which is the only crap stupid Americans who let their country get sold out can afford) and this will cause inflation to start in China!
    .
    Then it will crash the USD as they decouple the USD-Yuan peg.
    .
    If you watched this holiday retail season, you saw it all tanking except for Communist Chinese Crap ™ at Walmart.
    .
    The US is 6 times bigger than Communist China, but if the USD economy*currency falls in half and the Chinese economy * Yuan doubles, BANG, they are within spitting distance of surpassing us.
    .
    If anyone has to skim, at least hover over this link and check out this amazing graphic on how the Yuan-USD peg works.
    .
    http://4.bp.blogspot.com/_EZMGVwURo3M/SXPkbMjeQ8I/AAAAAAAAAcE/fbNjwTjfPLU/s1600-h/ChineseDollarPeg-784851.PNG
    .
    This could get rolling pretty fast.

  8. GK

    Elaine, you will not believe this article. It is incredible. It basically posits that the Chinese have been building huge USD reserves by PRINTING YUAN. (This criminal printing of money has been keeping me from investing in communist money.)
    .
    http://www.marketskeptics.com/2009/01/hyperinflation-will-begin-in-china-and.html
    .
    The Communist Chinese have been sterilizing the printing with many central planning tricks (bank reserve ratios, price caps).
    .
    But their resolution to the deflation/inflation debate is that the deflation in the USD due to the crash is a godsend to the Chinese, and they will dismantle inflation controls and then all the communist money will flood the Chinese who will start buying all the crap that they used to ship to Walmart (which is the only crap stupid Americans who let their country get sold out can afford) and this will cause inflation to start in China!
    .
    Then it will crash the USD as they decouple the USD-Yuan peg.
    .
    If you watched this holiday retail season, you saw it all tanking except for Communist Chinese Crap ™ at Walmart.
    .
    The US is 6 times bigger than Communist China, but if the USD economy*currency falls in half and the Chinese economy * Yuan doubles, BANG, they are within spitting distance of surpassing us.
    .
    This could happen fast.

  9. January 31, 2009
    .
    “Joint Chiefs chairman calls fiscal calamity a bigger threat than any war”
    .
    “Though he’s a warrior, not an economist, Adm. Michael Mullen, chairman of the Joint Chiefs, ranks the financial crisis as a higher priority and greater risk to security than the wars in Iraq and Afghanistan”…
    .
    http://tinyurl.com/b3uohf

  10. okathleen

    Next stop – China buys Google – we’re all doomed!!!

    http://www.okathleen.wordpress.com

  11. Did you see this? Sorry I have not been able to keep up.

    http://news.yahoo.com/s/ap/20090201/ap_on_bi_ge/bailout_foreign_workers

    SANTA CLARA, Calif. – Banks collecting billions of dollars in federal bailout money sought government permission to bring thousands of foreign workers to the U.S. for high-paying jobs, according to an Associated Press review of visa applications.

  12. “How Deflation Creates Hyperinflation”
    .
    “Yes, there is debt deflation, and the overall money supply is shrinking as a result. However, those calling for “multi-year bull market” for the US dollar are insane. These individuals need to review basic monetary theory. The money supply is only one of three factors that determine whether prices rise or fall. The other two are the changes in the velocity of money and the real output of the economy. The danger of hyperinflation lies in a dramatic increase in the velocity of money due to a loss of confidence, not in changes in the money supply.”…
    .
    http://tinyurl.com/6gdxm6

  13. emsnews

    Okathleen is using an April Fool’s headline from last year in the hopes of attracting readers. That is so pathetic.
    Shame on you, female fool.

  14. emsnews

    Tell, paper money in the floating currency scheme is a very slippery fish. All things are relative and all things hinge on trade surplus potential. Once the world decides we have no more potential for buying tons of stuff, they will rapidly shift to markets with more potential ability to soak up more debt, buying stuff.
    Facti: thanks for the link. Good find!

  15. criticalcontrarian

    GK, WAS 6X bigger!!! Not anymore. You have to look beyond the currency figures to the GDP numbers which are already down 3.8% from 2007’s Nov-Dec figures. I expect US GDP to drop between 20-40% this year, I shit you not. Further, you have to adjust for the drug laundering money which is run through Wall street and which has no real productive value. Say around $1 trillion per annum? Lots of Treasury window dressing, FED manipulation, bank scamming and plain old bullshit. The real picture? No M3 to validate. We wonder why! ;-)

  16. David

    The MSM media is joining in reporting wrongdoing…maybe some movement on this mess is going to start soon.

    http://news.yahoo.com/s/ap/20090201/ap_on_bi_ge/bailout_foreign_workers

  17. okathleen

    You Americans are hilarious.

    What makes you assume that:

    a)You can be so unutterably rude?

    b)The British press might carry a story that had appeared in the USA about an April Fool’s prank?

    c)I need to ‘attract readers’?

    d) Your own blog is cliche/repetition free?

    I don’t take kindly to being called either pathetic, or a fool

    http://www.okathleen.wordpress.com

  18. openly hidden

    ha! catfight!

  19. dffacti
    .
    “A decision to bring in hundreds of Italian and Portuguese contractors to work on a new £200 million plant at the giant Lindsey Oil Refinery at North Killingholme, North Lincolnshire, led to protests in support of jobs for British workers.”…
    .
    http://tinyurl.com/aplxpj
    .
    “Brown condemns ‘indefensible’ wildcat strikes in foreign labour row”…
    .
    http://tinyurl.com/a9lhnk
    .
    Get used to it,it is the future. Globalisation in reverse,but the same thing really…Profit.

  20. “they will rapidly shift to markets with more potential ability to soak up more debt, buying stuff.”
    .
    Elaine
    .
    And where are they going to find…”markets with more potential ability to soak up more debt, buying stuff.”…in the/a global depression?.

  21. openly hidden

    i really think there is going to be a chance to rise up and remove the arrogant, parasitic useless money changing “elite” bastards finally if we can come together and not let the creeps bring in “foreign labor” or put child labor to work since women are already working or continue using divide and conquer tactics to keep us weak. kill the common enemy by understanding what they are doing adn who they really are. it really, really pisses me off reading about how unimportant and expendable the toffs think real people are….especially in our own country! fuck them into hell.

  22. emsnews

    HAHAHA. Yup. Go look at her blog. The opening picture was done by a British artist. Gads. Pray she isn’t the model.
    Dear lady, I draw cartoons of gnomes and goddesses. None of them look as hideous as your title picture.

  23. emsnews

    By the way, a number of people have spam that fishes for eyeballs at my blog, most of them are removed by the spam filter. If anyone runs a web site, I like to look at them. But not if they ‘spam’ me. I am glad the woman [?] who is running that blog felt a need to put her web page up here. I deleted her second posting which had a repeat of her blog with NO relevant information to this blog. I very seldom delete postings.

    Glad it brought her out of hiding. Okathleen is free to post here and even lure people to her site. But a side effect is, she has to interact with all of us including me. :)

  24. PLovering

    David, the Lizard visa scheme is a bare-faced ploy to displace white American males from the skilled work force.
    .
    With true unemployment headed for 20%, one wonders why this visa program remains under consideration, or funded.
    .
    Seems like a natural line item veto to most warm blooded Americans.

  25. “really pisses me off reading about how unimportant and expendable the toffs think real people are”
    .
    openly hidden
    .
    “The cartoon is a criticism of the manner in which the British establishment, in the shape of John Bull, rewards the privileged and those least deserving whilst failing to provide the basic needs for the most needy and most vulnerable members of society”.
    .
    Click onto any pictures on the site below and they will enlarge.

    .
    http://tinyurl.com/bt88ok

  26. 1 February 2009
    .
    “You can go and work in Europe, Mandelson tells strikers”
    .
    “The Business Secretary inflamed the dispute over foreign workers by suggesting that protesters could go and work elsewhere in Europe if they were unhappy”…
    .
    http://tinyurl.com/cshvwc
    .
    And on less and less wages…””They don’t want a population capable of critical thinking”, “they want obedient workers”, “and now they want your social security”- George Carlin…
    .
    http://tinyurl.com/ara759

  27. openly hidden

    i am not sure george orwell would believe this shit even. and somehow they literally DEFINED to working class red necks and their family like them in unions, etc….they have somehow DEFINED political support for them as being PATRIOTIC and a vote for them was a vote for a safe america!!!!!! and this would all never have happened if the hard left had not spit on returning working class veterans from viet nam who thought they were doing the right thing when they went because “the country needed them”! they split us up! astounding! now i am off with my wife to riverside casino to watch the superbowl… at least playing poker live and online now seems to be an honest game with honest people unlike believing in the kindness of these demons to take care of you. (i’ll bet the fact that viet nam let “the educated” and the smart and the priviledged get draft deferments and the rest of my generation had to go over there and suck it had one hell of a lot to do with the realignment of american politics since then and now look at us. they took over much of both parties it seems!!!! and it maybe could look like things “between the collars” are going to even out now doesn’t it.) hahahahahha! karma. the big joker! hahahahah.

  28. That cartoon above 1909…A hundred years…We have come along way since then…NOT.

  29. bubba

    “Well, we had the laws. And Demon Dimon spent millions of dollars since 1984, undoing these laws! Corrupting the process. Who the hell hired the army of lobbyists in the first place? This man has a lot of gall and I hope he sees a lot of gallows in his future.”

    I hope some patriotic American shoots him right between the eyes with a sniper rifle, or just chops him up with a machette.

  30. emsnews

    No, I want trials like the Nuremberg trials.

  31. Simon

    The US is not much better than China if you discount the services sector
    Primary and industrial production almost neck in neck
    It’s good that we have good friends in Aus, UK, Europe and Canada :)

  32. emsnews

    And if you take out our military production that can’t be exported, then it is even worse.

  33. Simon

    I don’t think we need to worry since the world’s military hardware market is firmly in US hands?

  34. The brits have come up with the cure for all our financial problems…
    .
    http://tinyurl.com/atrvy2
    .
    Problem solved.

  35. emsnews

    Yeah, I saw that. Lipstick is yuckky. Gets all over everything and makes a woman look like she is wearing a clown’s mask.

  36. JSmith

    “DIMON OF JP MORGAN LECTURES US”
    .
    It’s been my experience that a lecturer such as yourself frequently dislikes other people’s lecturing. After all… they’re using a podium you could be shouting from.
    .
    “I don’t take kindly to being called either pathetic, or a fool.”
    .
    On the internet, my dear… I’m afraid no one gives a damn. My advice is to find someone who cares deeply, and tell them all about it. It’ll be all cathartic and everything.

  37. openly hidden

    my new superbowl resolution. to take care. to be constructive. so regarding me ranting at power in public domain….
    ======================================================================
    “Be tactful and you remain whole;
    bend and you remain straight.”
    ===================================================================
    and the best i can give to my dear sweet leaders and heavenly betters….
    ====================================================================
    “if you know when you have enough,
    you will not be disgraced.
    if you know when to stop,
    you will not be endangered.
    it is possible thereby to live long.”

  38. 3 February 2009
    .
    “Obama prepares another trillion-dollar bank bailout”…
    .
    http://tinyurl.com/au84gw
    .
    They will be back for more…much more.

  39. The unemployed can work…for no pay…read the comments…
    .
    “Boycott A4e”
    .
    “A4e is a global corporation providing ‘motivational’ training for the unemplyed. Their business model depends on bounty’s paid for every trainee they place in a job.”
    .
    “A4e works in partnership with BAe Systems” …
    .
    http://tinyurl.com/dj6z57

  40. Pingback: Ridiculous names in global economics « Nomnomnomica

  41. I know for a fact that JP Morgan has shorted silver to no end…..and this is why I eliminated my position in SLV even though that I-share position has gone up nicely.

    They do not have what they claim they do and neither does JP Morgan.

    Shorting silver is a recipe for DEATH.

    After JP Morgan falls then the rest (including Goldman Sachs) will go down with a thud…..Do you doubt this?

    Wait and see.

    Time for some heads to roll.

  42. Pingback: The clue’s in the name: hilarious aptronyms from the world of economics | econoclasm

  43. SNOB

    Dude, YOU NEED AN EDUCATION.

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