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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
123945 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
58856 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
16992 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
99127 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 BBONDS25
Member since Mar 2008
48439 posts
Posted on 7/14/17 at 11:53 am to
Put your jealousy aside. What does any of that have to do with his statement?
Posted by Mo Jeaux
Member since Aug 2008
58856 posts
Posted on 7/14/17 at 11:53 am to
quote:

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)


I fail to see the logic in your post.
Posted by Pax Regis
Alabama
Member since Sep 2007
12936 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 Big12fan
Dallas
Member since Nov 2011
5340 posts
Posted on 7/14/17 at 11:56 am to
quote:

Put your jealousy aside. What does any of that have to do with his statement?



No jealousy, but disgust that a company that is doing so well and their CEO would issue a statement declaring embarrassment. This is what you get from the elite. His company is thriving. He is a Billionaire Embarrassment. Like I said before - frick him and his gold plated toilet seats.
Posted by dcbl
Good guys wear white hats.
Member since Sep 2013
29698 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 Mo Jeaux
Member since Aug 2008
58856 posts
Posted on 7/14/17 at 11:58 am to
quote:

No jealousy, but disgust that a company that is doing so well and their CEO would issue a statement declaring embarrassment. This is what you get from the elite. His company is thriving. He is a Billionaire Embarrassment. Like I said before - frick him and his gold plated toilet seats.



His comments seem aimed at the wider economy. Again, I fail to see the logic in your post.
Posted by PsychTiger
Member since Jul 2004
99127 posts
Posted on 7/14/17 at 11:59 am to
quote:

Big12fan


So would you say you love big bankers or just like them a lot?
Posted by Centinel
Idaho
Member since Sep 2016
43341 posts
Posted on 7/14/17 at 11:59 am to
quote:

Like I said before - frick him and his gold plated toilet seats.


Jealousy and Envy always looks nasty.
Posted by ragincajun03
Member since Nov 2007
21274 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
67490 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 RockyMtnTigerWDE
War Damn Eagle Dad!
Member since Oct 2010
105415 posts
Posted on 7/14/17 at 12:06 pm to
quote:

Born: March 13, 1956 (age 61), New York City, NY
Net worth: 1.17 billion USD (2017) Forbes
Salary: US$20 million (2013, 2014)


None of that makes him wrong. I agree that the politics being played out in Washington today is hurting our country.
Posted by SCLibertarian
Conway, South Carolina
Member since Aug 2013
36093 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 NC_Tigah
Carolinas
Member since Sep 2003
123945 posts
Posted on 7/14/17 at 12:10 pm to
quote:

No jealousy, but disgust that a company that is doing so well
Doing well is relative. Do you think the 1.5% growth of obamanomics was a good thing? Do you consider 1.5% growth as "doing so well". Dimon made it clear American business can swim successfully against the current, as has his. But the government created resistance is not helpful.
This post was edited on 7/14/17 at 12:14 pm
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