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kpete

(71,901 posts)
Thu May 17, 2012, 10:16 AM May 2012

Recovery Begins When Addiction Ends: An Open Letter to Jamie Dimon

Recovery Begins When Addiction Ends: An Open Letter to Jamie Dimon
By the Alternative Banking Working Group of Occupy Wall Street

Dear Jamie Dimon:

We, the Alternative Banking Working Group of Occupy Wall Street, are staging an intervention on your behalf. Unlike many in the financial industry and press, we will not be deceived by attempts at misdirection and we are not intimidated by complexity. Your days of gambling with taxpayers’ money and pressuring the regulators to let business go on as usual are over. It’s not good for you, it’s not good for us, and it’s not good for our country.

It’s been a good ride, and we’ve been impressed with how long you have managed to keep it up. The incredible complexity of the financial system helped, of course, just as it helped obscure countless other crimes and frauds.

It’s truly a work of art how you and your enablers have created a system that nobody fully understands. It’s the perfect cover for your continuing addiction to risk, power, and money, and it keeps everyone confused just long enough, well past any statute of limitation for criminal prosecution.

Now your addiction is out of control. Rather than quitting while you and JPMorgan Chase were ahead (if you ever were), you’ve been driven to inhale every last dollar, no matter the risks involved for you and for all of us. What has really worked for you personally, and has allowed you to remain credible for so long, is your intense denial as to the underlying question of what year it is.

.............

the rest:
http://www.nakedcapitalism.com/2012/05/recovery-begins-when-addiction-ends-an-open-letter-to-jamie-dimon.html

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Recovery Begins When Addiction Ends: An Open Letter to Jamie Dimon (Original Post) kpete May 2012 OP
Intervention? "a bank that isn't as strong...and we ***might*** have had to step in..." Romulox May 2012 #1

Romulox

(25,960 posts)
1. Intervention? "a bank that isn't as strong...and we ***might*** have had to step in..."
Thu May 17, 2012, 10:20 AM
May 2012

"You could have a bank that isn’t as strong, isn’t as profitable making those same bets and we might have had to step in,”

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