JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’ - 8/14/12 | Page 3 | TigerDroppings.com
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Interception
Providence Fan
Member since Nov 2008
11089 posts

re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’

quote:

They would have all collapsed.

Ask Goldman Sachs.



Seriously, do you even care what the facts are? Jamie Diamond had a gun to his head to take the bailout money. JP Morgan did not need the money. It's a fact!


LSURussian
LSU Fan
Member since Feb 2005
85157 posts

re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’
Do you have any idea how much it would cost if each borrower had to find an individual with excess cash and who might be willing to loan that borrower the money? I've seen that type of system working in certain countries in Africa and the interest rates and the administrative costs make that system too expensive to function, thus making any economic development impossible.

The "risks" you talk about must be managed or the investors (stockholders) could lose 100% of their investment, just as what happened to over 300 U.S. banks during this last recession.

Or would you rather all capital expenditures come from equity financing only? That's the way almost 50% of economies in the world work today. And all of those economies are on the bottom of any economic development survey.

Your entire "understanding" of the financial intermediary function is like that of an 8 year old. Or, you're just a socialist?

Which is it?


LSURussian
LSU Fan
Member since Feb 2005
85157 posts

re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’
quote:

They pit you against me, take their cut, and laugh all the way to the bank.


Everyone is pitted against you, dumbass. And I laugh at you all the way to my bank.....


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jcole4lsu
Virginia Fan
The Kwisatz Haderach
Member since Nov 2007
27817 posts

re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’
quote:

Or, you're just a socialist?

guy reeks of occupy. not to mention hes armed with a snazzy (albeit inaccurate) analogy.


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donRANDOMnumbers
New Orleans Pelicans Fan
Lafayette Rouge
Member since Nov 2006
13004 posts

re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’
sound like a hippy IMO


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DA
LSU Fan
Member since Sep 2007
16251 posts

re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’
He still benefited. If Goldman goes down, they all go down. We, the government, saved your asses. The irony is crazy good, lol.





jcole4lsu
Virginia Fan
The Kwisatz Haderach
Member since Nov 2007
27817 posts

re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’
quote:

If Goldman goes down, they all go down

perhaps.
if they all go down, WE all go down.

so essentially, we saved ourselves.



DA
LSU Fan
Member since Sep 2007
16251 posts

re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’
quote:

perhaps.
if they all go down, WE all go down.

so essentially, we saved ourselves


Yea.

Obama should say, "We didn't build that, we saved that!"

This post was edited on 8/14 at 10:32 pm


Interception
Providence Fan
Member since Nov 2008
11089 posts

re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’
DA, every bank benefitted by that reasoning including the small banks.


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PillageUrVillage
LSU Fan
Mordor
Member since Mar 2011
4133 posts

re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’
quote:

Ton Chou

quote:

Well then debate me

quote:

Posted by LSURussian Do you have any idea how much it would cost if each borrower had to find an individual with excess cash and who might be willing to loan that borrower the money? I've seen that type of system working in certain countries in Africa and the interest rates and the administrative costs make that system too expensive to function, thus making any economic development impossible. The "risks" you talk about must be managed or the investors (stockholders) could lose 100% of their investment, just as what happened to over 300 U.S. banks during this last recession. Or would you rather all capital expenditures come from equity financing only? That's the way almost 50% of economies in the world work today. And all of those economies are on the bottom of any economic development survey. Your entire "understanding" of the financial intermediary function is like that of an 8 year old. Or, you're just a socialist? Which is it?


Image: http://mlkshk.com/r/4XUL


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jcole4lsu
Virginia Fan
The Kwisatz Haderach
Member since Nov 2007
27817 posts

re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’
quote:

Obama should say, "We didn't build that, we saved that!"

shouldnt bush be the one to say that?


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Interception
Providence Fan
Member since Nov 2008
11089 posts

re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’
If a few of the large banks go down and JP Morgan is left standing then they benifited by the governments inaction.


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90proofprofessional
LSU Fan
Member since Mar 2004
11342 posts

re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’
quote:

We, the government, saved your asses.

Good thing 'you' had money taken mostly from producers to do such a thing in the first place

leech
This post was edited on 8/14 at 10:38 pm


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Ton Chou
LSU Fan
On the Levee
Member since Feb 2010
424 posts

re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’
Absolutely not a socialist. I have no issue with the borrowing aspects of these banks. Its the commodity trading. A majority of these investment banks income comes from commodity trading for their own benefit. Look at goldman's income statements and you will see. Even coca-cola sued them recently for hoarding aluminum and driving up prices. I guess you know more the the lawyers and executives of one of the largest companies in the world. In my opinion, if you dont produce anything that uses the raw materials traded, you have no business trading in it. Banks should also be prevented from owning means of production to circumvent this. I promise you they are not using the profits earned in commodities trading, which ultimately comes out of our pockets, to offer lower costs loans to businesses. As with my ticket scalping analogy, I would much rather the artists, promoters etc. raise their prices and benefit from it than a scumbag ticket brocker or scalpers. They made the product. And for the record, I am far right leaning on fiscal and social issues. There is nothing in the democrats ideology I agree with. I just hate this aspect of Wall St.


jcole4lsu
Virginia Fan
The Kwisatz Haderach
Member since Nov 2007
27817 posts

re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’
quote:

if you dont produce anything that uses the raw materials traded, you have no business trading in it. Banks should also be prevented from owning means of production to circumvent this.


yeah, because this just screams free market economy to me


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90proofprofessional
LSU Fan
Member since Mar 2004
11342 posts

re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’
quote:

if you dont produce anything that uses the raw materials traded, you have no business trading in it.

what if you can bear risk that those who produce the materials can't?


Ton Chou
LSU Fan
On the Levee
Member since Feb 2010
424 posts

re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’
Then why can't orange farmers for instance, join together, work with manufacturers who use oranges to determine needs, and collective agree to prices that allow the orange farmers to profit. Why should some hack in a suit make millions off of setting a betting line?


90proofprofessional
LSU Fan
Member since Mar 2004
11342 posts

re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’
your shite is too incoherent
quote:

collective agree to prices that allow the orange farmers to profit

antitrust law?
quote:

Why should some hack in a suit make millions off of setting a betting line?

how is this is any way analogous, or true?


Ton Chou
LSU Fan
On the Levee
Member since Feb 2010
424 posts

re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’
Someone is taking on a risk, whether it be Goldman, a manufacturer or a producer. Ultimately the cost of that risk gets passed on to the consumer. I would rather see manufacturers who have the means temporarily absorb this risk cut these banks out. They won't lose, because either way, the cost is passed to the consumer. This way, the profits stay with the manufacturers and or producers which in my opinion would contribute to more jobs than if the money goes in Wall Streets coffers to keep excacerbating the situation.


navy
Navy Fan
Bannedeville, SC
Member since Sep 2010
8507 posts

re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’
quote:

There is a movement growing in this country- a movement that will put leftist economic policies in the trash heap of history.



Courtesy of their Messiah/Chosen One ... Barack Hussein Obama ... mmm mmm mmmmmmmm ... who will be defeated in November.


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