Lawrence Lindsey: Why Washington Hates Jamie Dimon

Wall Street Journal ^ | May 18, 2012 | Lawrence Lindsey

[WashingtonSource]

. . . . So why is Congress holding hearings? The answer is the bank's CEO: Jamie Dimon.

He is a lifelong Democrat and big contributor to Democratic candidates. This is not a way to get Republicans to like you.

Since 2008 Mr. Dimon has also become increasingly critical and vocal about Mr. Obama's mishandling of the economy, and financial regulation in particular. Not a way to get Democrats to like you. . . .

[WashingtonSource]

The hysterical over-reaction to JPMorgan Chase's $2 billion loss shows that Washington doesn't really care about the real world. Everything is an occasion for grandstanding.

[ClearCase_guy]

Fascism is when the government chooses to punish some businesses in order to put fear in other businesses.
Fascism is when some businesses bend over backwards to support politicians in a sycophantic manner, because they want government protection.
Fascism is when the concept of private ownership is maintained, but the government essentially controls businesses through both carrots and sticks so that the economy has de facto centralized control.

And centralized control doesn't work.
And Fascism gets ugly when things don't work.

[WashingtonSource]

The members of Washington’s political class — especially leftist Democrats — have decided they want to control how banks lend and do their business — to their own political advantage. Don’t be surprised to see and Republican or two who wants to demagogue this spectacle of a hearing next month.

[txrefugee]

Where did the $890 billion of BO’s stimulus go?

The government has no idea how many billions are paid in Medicare fraud every year.

Yet, they get their panties in a wad when a private bank loses $2 billion, while making $6 billion last quarter. If our corrupt government ever did that well, we wouldn’t be $20 Trillion in debt.

[SaraJohnson]

Fascism is a private public partnership where the “business man” unloads his losses on the public and profit shares with the party members and their Furher. That’s our global bankster business model.

These people crashed our real estate market giving bad loans at the behest of Clinton, Rubin, the DNC and GOPe. They turned their banks into a low income housing project knowing the fascists would have their backs when it all came tumbling down. They walked away with the majority of the wealth of the American middle class. They lent money to loser socialist governments like Greece, knowing their government pals in other Nations would cover their losses for the bad loans.

I could care less what happens to any of them. Give them over to Ron Paul and his zombies.