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JPMorgan CEO blows up at Washington's 'stupid s---'

Posted on 7/14/17 at 11:44 am
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124188 posts
Posted on 7/14/17 at 11:44 am
quote:

JPMorgan CEO blows up at Washington's 'stupid s---'
By Vicki Needham
07/14/17


JPMorgan Chase CEO Jamie Dimon on Friday railed against Washington's failure to address sweeping policy issues like tax reform and infrastructure spending.

Dimon, head of the world’s largest bank, expressed frustration during JPMorgan earnings calls, saying the United States is missing out on faster economic growth because of Washington gridlock.

"Since the Great Recession, which is now 8 years old, we've been growing at 1.5 to 2 percent in spite of stupidity and political gridlock, because the American business sector is powerful and strong," he said.

On recent trips to France, Ireland and Israel, Dimon said he found that those countries understand the importance of education and infrastructure.

"It's almost embarrassing being an American citizen … and listening to the stupid s--- we have to deal with in this country," Dimon said on the call, according to news reports.

LINK
Posted by AggieDub14
Oil Baron
Member since Oct 2015
14624 posts
Posted on 7/14/17 at 11:46 am to
quote:

Dimon, head of the world’s largest bank, expressed frustration during JPMorgan earnings calls, saying the United States is missing out on faster economic growth because of Washington gridlock.


Nothing new. We could have had cell phones in the 1960s but telecom companies did all they could to slow the progress. Bureaucracy at it's finest.
Posted by Mo Jeaux
Member since Aug 2008
59085 posts
Posted on 7/14/17 at 11:47 am to
I agree with Jamie Dimon.
Posted by boogiewoogie1978
Little Rock
Member since Aug 2012
17066 posts
Posted on 7/14/17 at 11:50 am to
quote:

"It's almost embarrassing being an American citizen … and listening to the stupid s--- we have to deal with in this country,"


It's embarrassing that people like you were allowed to steal 100s of millions of dollars from American citizens and get away with it.
Posted by PsychTiger
Member since Jul 2004
99357 posts
Posted on 7/14/17 at 11:50 am to
Posted by Big12fan
Dallas
Member since Nov 2011
5340 posts
Posted on 7/14/17 at 11:51 am to
quote:

JPMorgan’s earnings beat Wall Street estimates, with profits rising to $7 billion in the second quarter, up 13 percent from a year ago. Earnings per share increased to $1.82, ahead of the $1.58 a share expected by analysts


Poor baby. How can we help sooth his embarrassment?

frick him.

Born: March 13, 1956 (age 61), New York City, NY
Net worth: 1.17 billion USD (2017) Forbes
Salary: US$20 million (2013, 2014)
Posted by Pax Regis
Alabama
Member since Sep 2007
12947 posts
Posted on 7/14/17 at 11:55 am to
He's right you know.
Posted by zatetic
Member since Nov 2015
5677 posts
Posted on 7/14/17 at 11:56 am to
Maybe if we didn't give a bunch of money to bankers that failed we could have nice things.

He can go have intercourse with himself.
Posted by dcbl
Good guys wear white hats.
Member since Sep 2013
29723 posts
Posted on 7/14/17 at 11:57 am to
BREAKING NEWS ON CNN - Trump colludes with fat cat Wall Street banker to undermine congress!
Posted by ragincajun03
Member since Nov 2007
21412 posts
Posted on 7/14/17 at 12:02 pm to
Didn't JP Morgan take $20+ Billion in the 2008 Bank Bailout??
This post was edited on 7/14/17 at 12:03 pm
Posted by Wtodd
Tampa, FL
Member since Oct 2013
67497 posts
Posted on 7/14/17 at 12:05 pm to
Anyone that needed Jamie Dimon to tell them this is a moron
Posted by SCLibertarian
Conway, South Carolina
Member since Aug 2013
36239 posts
Posted on 7/14/17 at 12:07 pm to
quote:

On recent trips to

quote:

Ireland

I agree with Dimon, but using the Irish as an example to lecture Americans about our political system and economy seems ridiculous given the Irish's fiancial fiasco from 2008-2014.
Posted by mark65mc
Baton Rouge
Member since Dec 2007
11291 posts
Posted on 7/14/17 at 1:06 pm to
Finally, Jamie Dimon has come out as a Trumpocrat.

He supported Obama for 8 years but these comments clearly support what Trump is trying to do. The Democratic Party as it stands today is not a party of growth and ideas but of identity and social engineering. The problem is that Dimon truly is a capitalist and the Dems of today are not compatible with that mindset.
Posted by beaverfever
Little Rock
Member since Jan 2008
32758 posts
Posted on 7/14/17 at 1:16 pm to
Making a push for Fed Chair?
Posted by mr brightside
Fred's
Member since Jun 2017
456 posts
Posted on 7/15/17 at 9:15 am to
MAGA
Posted by Vacherie Saint
Member since Aug 2015
39575 posts
Posted on 7/15/17 at 9:49 am to
It's funny Jamie didn't talk like this during the previous administration.

He a blueblood new york democrat. I agree with him, but he is being super hypocritical here. Business friendly tax reform and infrastructure were never even on the table during the Obama years. He should be trying to help.
Posted by JLivermore
Wendover
Member since Dec 2015
1425 posts
Posted on 7/15/17 at 10:37 am to
Seems like an "I wanna run for president" type of comment.






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