Jamie Dimon Goes Ballistic: "This Is Not The Soviet Union. This Is The USA. It’s A Free. Fucking. Country."

Jamie just won't shut up.  This time it was to a group of JPMorgan Summer interns while NY Mag was tagging along.  And who can forget last time, when Dimon stalked Bernanke, during a public Q&A from the Fed Chairman.

Listen up J.D., erstwhile capitalist.

The Bernank is your one and only best friend, secretly lending you trillions, and you decide to complain publicly about stronger capital requirements and regulators who might actually be doing the job, of well, regulating.

If it's a free market that you're after, then let's be clear - that means no secret Federal Reserve loans at .008% interest, no discount window borrowing, and no bailouts.

Guess what that means, Jamie?  There's no JP Morgan.

Goodbye and good riddance.  Don't let the door hit you in your giant bailed-out ass.

---

Morning links:

• Jamie Dimon Slams His Critics: "This is not the Soviet Union. This is the USA. It’s a free. Fucking. Country."
• Read The Complete Jamie Dimon Interview - NY Mag
• Standard Chartered settles Iran case for $340 million
• GOP's Most Hypocritical Economic Argument Is On Defense Spending - Bloomberg
• DNC dumps Bank of America, moves capital to a union-owned bank
• Romney-Ryan may turn over Social Security to Wall Street
• George Soros buys Facebook stake, dumps bank stocks
• Robo-Signing Mortgages Is Out, Robo-Suing For Credit Card Debt Is In - NYT
• World powers eye emergency meeting over spiking food prices - Reuters
• U.S. Bankruptcy laws protect thieves

---

Dimon rewind:

VIDEO - Dimon Complains to Bernanke in Public

VIDEO - Dimon Complains to Charlie Gasbag, Calls Anti-Banking Sentiment 'Discrimination'

VIDEO - Dimon Laughs About Buying Bear Stearns For $2 Per Share With Taxpayer Help

Madoff Trustee On JP Morgan: "They Were At The Very Center Of Madoff Fraud"

PHOTO - Protesters surround Jamie Dimon's NYC penthouse last Fall...

Comments

[LiberatedCitizen]

Those darn Fat Cat Bankers

JPMorgan Employees Join Goldman Sachs Among Top Obama Donors

http://www.bloomberg.com/news/2012-03-20/jpmorgan-employees-join-goldman-sachs-among-top-obama-donors.html


Obama's favorite banker

http://www.economicpolicyjournal.com/2009/07/president-obamas-favorite-banker.html

Obama Says JPMorgan ‘One of the Best-Managed Banks There Is’

http://nymag.com/daily/intel/2012/05/obama-jpmorgan-one-of-the-best-managed-banks.html

Obama's JPMorgan Account

http://www.npr.org/2012/05/16/152819346/weekly-standard-whats-in-obamas-jpmorgan-account

'Obama's favorite banker' wears presidential cufflinks

http://freebeacon.com/friends-in-high-places/

JPMorgan's Other Messy Problem: MF Global's Missing Money

http://www.forbes.com/sites/halahtouryalai/2012/06/04/jpmorgans-other-messy-problem-mf-globals-missing-money/

JPMorgan Sued Yet Again - Analyst Blog

http://community.nasdaq.com/News/2012-08/jpmorgan-sued-yet-again-analyst-blog.aspx?storyid=164039

Just so you know Jamie Dimon is a lifelong democrat from chicago

[Pitchfork]

I really appreciated the update to this post. I would just add that in a free market, no NY FED would come along and finance JPM's purchase of Bear Stearns to the tune of 29B dollars. And if Bernanke and Geithner weren't total idiots... This is what Barry Ritholtz says he would have done:

If I had been the Fed chief, I would have said: “Let me explain this to you, Jamie. I know the history of JP Morgan” (Everybody thinks Dimon is this genius who avoided the subprime situation, but that’s actually not true. They just ran into their subprime problem way earlier than everybody else, so when they had to liquidate, there was a bid there.) “I’m looking at the derivative book of Bear Stearns. It’s $8 trillion and you’re the single biggest counterparty. So if they go down, it’s your problem. So here is what I am willing to do. When you go into receivership, I’ll promise not to put you in jail! If you want to buy them, buy them. If you don’t want to buy them, we’re going to put them into a pre-packaged bankruptcy and if it ultimately causes JP Morgan to go bankrupt, well, put it this way, this is your opportunity to avoid it. So take a walk once around the park, and have a good think. As Fed chair, I have no problem testifying that I suggested you buy Bear Stearns because, if you didn’t, it really looked like they were going to blow up JP Morgan – and good luck with the shareholder lawsuits for the rest of your life.”

[DailyBail]

Wow.

Barry nailed it.

[Pitchfork]

http://thebrowser.com/interviews/barry-ritholtz-on-causes-financial-crisis

[DailyBail]

http://articles.businessinsider.com/2012-03-30/markets/31258538_1_big-government-rates-ayn-rand/3

The Ritholtz interview is here

[J Molitor]

Barry's comment is accurate. And frankly, if financial execs like Dimon and Paulson were to pass away of a heart attack tomorrow, the World would not blink or care about that. Their poor financial management has already done enough harm, while they prospered from it.

[LiberatedCitizen]

Those darn Fat Cat Bankers

JPMorgan Employees Join Goldman Sachs Among Top Obama Donors

http://www.bloomberg.com/news/2012-03-20/jpmorgan-employees-join-goldman-sachs-among-top-obama-donors.html


Obama's favorite banker

http://www.economicpolicyjournal.com/2009/07/president-obamas-favorite-banker.html

Obama Says JPMorgan ‘One of the Best-Managed Banks There Is’

http://nymag.com/daily/intel/2012/05/obama-jpmorgan-one-of-the-best-managed-banks.html

Obama's JPMorgan Account

http://www.npr.org/2012/05/16/152819346/weekly-standard-whats-in-obamas-jpmorgan-account

'Obama's favorite banker' wears presidential cufflinks

http://freebeacon.com/friends-in-high-places/

JPMorgan's Other Messy Problem: MF Global's Missing Money

http://www.forbes.com/sites/halahtouryalai/2012/06/04/jpmorgans-other-messy-problem-mf-globals-missing-money/

JPMorgan Sued Yet Again - Analyst Blog

http://community.nasdaq.com/News/2012-08/jpmorgan-sued-yet-again-analyst-blog.aspx?storyid=164039

Just so you know Jamie Dimon is a lifelong democrat from chicago

[Pitchfork]

There are reports that British police have raided the Ecuadorian embassy in order to get Assange. It was reported earlier that Ecuador had privately agreed to grant him asylum. Stay tuned.

http://www.theage.com.au/opinion/political-news/uk-police-raid-assanges-embassy-refuge-20120816-249pe.html

http://twitter.com/wikileaks

[Arizona]

WHO'S THE MOST DEMONIC NATION ON EARTH ?????, ENGLAND,who would have ever guested????.... the QUEEN whore drug dealer sells drugs lased with poison and desease and the world eats it up like candy,stupid,stupid,untill the world wakes up,nothing can be fixed,WHEN the world gets tired of being slaves to these whores,things will get better,but not untill then,they have inslaved their own people and their working on the rest of the world,LITTLE fagots and whores running everything!!!!!!!!!,,surly the world sees this by now?????

[john]

I posted this link in another thread here at DB some time ago and feel it would be appropriate here.

http://www.corpwatch.org/article.php?id=9848