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Ten Years after the Financial Crisis, Wall Street Bankers Clear the Air
IWB ^ | LV

Posted on 09/25/2018 9:23:14 AM PDT by davikkm

Yesterday, at an event sponsored by the World Affairs Council in Philadelphia, Jamie Dimon, CEO of JPMorgan Chase & Co., said that “it’s going to be 25 years before banks are forgiven” for the bailouts our government doled out to the nation’s largest banks a decade ago during the worst financial crisis since the Great Depression. Unfortunately, Dimon’s acknowledgement of the lingering anger of Main Street Americans, who suffered the brunt of the Great Recession, was quickly eclipsed after an association of unapologetic Wall Street bankers issued the following satirical statement:

We, the bankers of these United States, want to assure all Americans that we are devoted, heart and soul, to the interests of this great nation. Contrary to countless disparaging remarks by so-called pundits, there is absolutely no daylight between the interests of Wall Street and Main Street. One of our leaders eloquently expressed this view when he said that we do God’s work. We labor night and day to furnish the financial resources that are needed to build this country. We proudly carry on the great banking tradition of our forebears such as John Pierpont Morgan and Andrew Mellon. Without our munificence over the years, many important projects would not have been funded and, therefore, would not have been built. As President Calvin Coolidge succinctly put it, “the business of America is business.” It is Wall Street and the big banks that provide the lubricant in the form of capital that makes business work.

(Excerpt) Read more at investmentwatchblog.com ...


TOPICS: Business/Economy; Government; Politics
KEYWORDS: financialcrisis

1 posted on 09/25/2018 9:23:14 AM PDT by davikkm
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To: davikkm

UTTER B***SH**!!!


2 posted on 09/25/2018 9:35:07 AM PDT by Hostage (Article V (Proud Member of the Deranged Q Fringe))
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To: davikkm

Lynch ever one of the bastards.


3 posted on 09/25/2018 9:37:17 AM PDT by RedStateRocker (Nuke Mecca. Deport all illegals. Abolish the DEA, IRS and ATF,.)
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To: davikkm

This is satire of course. They would never admit to anything in this statement.


4 posted on 09/25/2018 9:43:22 AM PDT by WashingtonSource
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