Blog on the Run: Reloaded

Sunday, February 28, 2010 9:58 pm

17 million reasons why Jamie Dimon needs to STFU

Filed under: I want my money back. — Lex @ 9:58 pm
Tags: , ,

The grossly overpaid CEO of JPMorgan Chase believes that the government has treated his company unfairly even while keeping it, you know, alive:

Jamie Dimon, the chief executive of JPMorgan Chase, says he believes Washington has become increasingly erratic and unfair in its treatment of the banks over the last few months, and he now has some regrets about participating in the government’s Troubled Asset Relief Program.

“F.D.I.C. is going to cost us a lot of money. TARP cost us a lot of money. This bank tax, my first reaction was, ‘That will cost us a lot of money,’” Mr. Dimon said Thursday at the bank’s annual Investor Day conference in New York. “I think we are getting into the capricious, arbitrary and punitive behavior.”

So it wasn’t enough for us to keep his company running and his personal gravy train on the tracks. No, we have to do these things exactly the way he wants us to.


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