Shots Fired – Jamie Dimon Questions Elizabeth Warren’s “Understanding of the Global Banking System”

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I think the following comments will come back to haunt Jamie Dimon. They represent the perspective of an out of touch, financial oligarch who is so consistently fed bullshit compliments by all those surrounding him, he has no idea how badly this will backfire in the long-run.

What Jamie Dimon doesn’t understand, is that people still hate the big banks. Half a decade into this oligarch theft marketed as an economic recovery, have you ever met a single person who didn’t harbor bad feelings toward the banks and the bailouts? I haven’t.

While Elizabeth Warren herself might not be personally popular across the political spectrum, her message on the banks is. If this message still resonates now, it will only resonate much more in the years ahead when the economy enters its next downturn. At that point, Mr. Dimon will be very sorry he made this comment.

You don’t want to poke Elizabeth Warren in the eye with a stick, and that is exactly what he just did. This was a really stupid move. One that can only be explained away by mindless hubris; something disconnected elites are famous for throughout history.

From Bloomberg:

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon took aim at U.S. Senator Elizabeth Warren, a critic of large banks, as he expressed broad concerns about leadership in Washington.

“I don’t know if she fully understands the global banking system,” Dimon, speaking Wednesday at an event in Chicago, said of the Massachusetts Democrat. Still, he said he agrees with some of her concerns about risks.

Warren, a Senate Banking Committee member, has won popular support and gained influence in her party by openly challenging the size of large lenders and their political power. She has said it was a mistake for the U.S. government to refrain from breaking up big banks, such as Citigroup Inc., after the 2008 financial crisis. Last month, as firms including JPMorgan pleaded guilty to resolve probes into market-rigging, she criticized regulators for granting waivers that let the companies continue operating certain businesses.

Personally, I think she understands the global banking system perfectly well:

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For related articles, see:

Jamie Dimon’s Big $13 Billion Secret – The Truth Behind the JP Morgan Settlement

Another Settlement – JP Morgan Receives Slap on the Wrist Despite Years of Fraudulent CFTC Data

Wall Street on Parade Explores JP Morgan’s Disturbing Links to the CIA, NYPD and More…

Further Proof the Justice Department is Protecting JP Morgan from Criminal Prosecution

Video of the Day: Interview with Matt Taibbi About JP Morgan and the CNBC “Presstitutes”

In Liberty,
Michael Krieger

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7 thoughts on “Shots Fired – Jamie Dimon Questions Elizabeth Warren’s “Understanding of the Global Banking System””

  1. One must not forget: Jaime was the fellow who famously replied to a reporter’s comment who couldn’t understand how Chase operated in such a way, “That’s why I’m rich and you’re not.”

    Jaime is in Tomorrowland in his mind and he can just shuck and jive any ol’ time he wants to…because he is The Jamie.

    Hey, Jamie. Have you ever seen pictures of Mussolini on the last day of his tenure as CEO?

    Reply
  2. Dimon,like all the Sephardim, are so entrenched and so wealthy thanks to their manipullation of “central banks” that they can say what they please since they have transferred the wealth of the world to those who they believe know how to use it!

    While the main body politics here in the USA and in Europe try to figure out some way to extricate themselves from the intricacies the new “credit exchanges” have substituted for currencies and wealth, the Sephardim have it all and are busy bargaining with those who want in on it.

    Elizabeth Warren et al may be in Congress but the financial actions are beyond that group’s ability to rectify anything. We are caught in the web of deceit and life will never be the same for any of us from here on out!

    Reply
  3. Give Senator Elizabeth Warren Senator Rand Paul’s fervor for stopping over sixty years of the abusive application of the state secrets privilege and related doctrine, act, executive order, regulation and related policy abuses and she will get my vote for President.

    Reply

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