DUmmies have odd fascination with JPM Chase

[BannedFromDU]

Star Member MadHound

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Really Mr. President?
"President Barack Obama praised JP Morgan Chase in an interview recorded Monday as "one of the best managed banks there is" and its CEO, Jamie Dimon, as "one of the smartest bankers we got." On Tuesday, the White House made public financial disclosure forms showing the president and First Lady Michelle Obama had between $500,001 and $1,000,000 in a "JP Morgan Chase Private Client Asset Management Checking Account."
http://news.yahoo.com/obama-financial-forms-show-big-jp-morgan-account-215741430.html

Look, I don't begrudge the President having lots of money, though he is now a member of the 1%. I don't even begrudge him having an account at JP Morgan, after all, it was one of the most stable of the big banks before last week.

But really, it is really such a bright idea to praise JP Morgan as one of the best managed banks, and its CEO as one of the smartest bankers after word of last week's debacle? Losing 2 plus billion is not a sign of good management or being a smart banker. It is a sign of greed, greed that got caught and burned.

One does have to wonder however, with all of his investments in bankster institutions, does this have any relation to the ongoing laxity of financial regulation in this country? Maybe, maybe not, but it wouldn't surprise me. I'm just cynical that way.

Earth to liberal idiots: JPM repaid the TARP money, so whatever they do is none of your mother****ing business, unless you're a shareholder.

In any case, where is Lord 0 SUPPOSED to keep his money? In Moonbat Savings and Loan?

[jukin]

This is a great idea to have an organization that continuously loses $2 billion dollars every 10 hours investigate a company that had on instance of losing $2 billion in a month.....but still turned a healthy profit overall.

[BannedFromDU]

This is a great idea to have an organization that continuously loses $2 billion dollars every 10 hours investigate a company that had on instance of losing $2 billion in a month.....but still turned a healthy profit overall.

     For the win and the ^5

[Freeper]

This is a great idea to have an organization that continuously loses $2 billion dollars every 10 hours investigate a company that had on instance of losing $2 billion in a month.....but still turned a healthy profit overall.

It is like having a tax cheater running the IRS.

[obumazombie]

It is like having a tax cheater running the IRS.

Or even be Treasury Secretary.