We should all do so well while under assault.
JPMorgan Chase earned $4.9 billion in the fourth quarter of 2014, the company announced on Wednesday, down from a year ago, but capping what CEO Jamie Dimon called a record year for the biggest U.S. bank by assets.
Despite this success, Dimon warned that “banks are under assault,” from government regulators.
Continue reading: http://www.huffingtonpost.com/2015/01/14/jamie-dimon-banks-assault_n_6470358.html
Commentary by The Secular Jurist: One must wonder about the sheer hubris, greed, and disassociation from reality, of these modern-day robber-barons on Wall Street. They are so consumed with narcissism, so divorced from humanity, that it wouldn’t be at all surprising to learn they were the product of some nightmarish genetic experiment gone awry. As these perverse titans of wealth assume more and more control over world affairs, it isn’t difficult to imagine a calamity of epic proportions somewhere on the horizon.
Read the remainder of the article to see exactly what JPMorgan did to warrant this regulatory “assault” Dimon is complaining about (i.e. the London Whale and Libor scandals, and the financial crisis of 2008), and how it is trying to undermine Dodd-Frank reforms which didn’t nearly go far enough to rein-in the big banks’ bad behavior.
The poor widdle things! I feel SO bad for our super-sensitive big banksters — I’m not sure I’ll be able to sleep tonight. They not only want our last drop of blood, they want our praise and worship for the huge favors they’re doing by taking our filthy bodily fluids! Somebody, take this pitchfork away from me … quickly!
Someone else will have to take your pitchfork away, Linda. I’m sharpening my own one right now!
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Every night I lose sleep worrying about Mr. Dimon. Won’t someone think of the billionaires?
Sure Jeff, I do. I think they are a bunch of sociopaths!