georgephillip
Diamond Member
This president's friends in low places include Jamie Dimon, another banker who should have faced prosecution for control accounting fraud instead of so much poltical cover from America's apologist-in-chief:
Robert Scheer: Obama?s Friends in Low Places - Robert Scheer - Truthdig
"That Barack Obama is such a kidder. No matter how awkward the moment, he’s got just the right quip to purchase some wiggle room. Remember when his old Chicago banking buddy Jamie Dimon, the CEO of JPMorgan Chase, first ran into that bit of trouble over his bank’s 'London Whale' derivative scam?
"That scheme has already lost $6 billion with close to another $1 billion piled on by the SEC in fines last week after JPMorgan admitted it broke the law.
"Well of course, being Obama, when the scandal first broke last year, the president picked a women’s daytime talk show, ABC’s 'The View,' to deal with the scams of his leading Wall Street backer. 'JPMorgan is one of the best-managed banks there is,' he told the 'View' audience. 'Jamie Dimon, the head of it, is one of the smartest bankers we got, and they still lost $2 billion and counting.'
"Yes, counting; that $2 billion is now likely to end up around $16 billion given the future legal fees and possible payouts allotted to countering the myriad lawsuits connected with this admission of illegal activity."
Come November of 2014, the "View" from Main Street should reveal a Union of Tea Party and Occupy Wall Street against a common enemy: corporate mafioso like Dimon and their political accomplices like Obama or Bush who will continue serving the richest 1% at the expense of just about everyone else.
Robert Scheer: Obama?s Friends in Low Places - Robert Scheer - Truthdig
"That Barack Obama is such a kidder. No matter how awkward the moment, he’s got just the right quip to purchase some wiggle room. Remember when his old Chicago banking buddy Jamie Dimon, the CEO of JPMorgan Chase, first ran into that bit of trouble over his bank’s 'London Whale' derivative scam?
"That scheme has already lost $6 billion with close to another $1 billion piled on by the SEC in fines last week after JPMorgan admitted it broke the law.
"Well of course, being Obama, when the scandal first broke last year, the president picked a women’s daytime talk show, ABC’s 'The View,' to deal with the scams of his leading Wall Street backer. 'JPMorgan is one of the best-managed banks there is,' he told the 'View' audience. 'Jamie Dimon, the head of it, is one of the smartest bankers we got, and they still lost $2 billion and counting.'
"Yes, counting; that $2 billion is now likely to end up around $16 billion given the future legal fees and possible payouts allotted to countering the myriad lawsuits connected with this admission of illegal activity."
Come November of 2014, the "View" from Main Street should reveal a Union of Tea Party and Occupy Wall Street against a common enemy: corporate mafioso like Dimon and their political accomplices like Obama or Bush who will continue serving the richest 1% at the expense of just about everyone else.
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