EVERY DAY IS BASH-A-BANKER DAY
Every day nation states are assuming the gambling debts of private banks. As a result nation states are finding it harder to finance their debts because their debts have increased significantly. To repay these debts nation states are imposing severe austerity on their innocent and unwitting citizens, leading to massive cuts in public services and employment.
So when JP Morgan (booo!) boss Jamie Dimon asks us to leave the banks alone, what should we do?
Study after study has blamed derivatives for the current financial crisis.
JP Morgan was the first bank to create derivatives.
JP Morgan is still the master of the derivatives market.
JP Morgan received tens of billions in bailouts and swallowed up its alleged struggling competitors.
JP Morgan has been one the main beneficiaries of the crisis; it bought Bear Stearns and Washington Mutual under suspicious circumstances. Other banks to gain were Santander and Goldman Sachs, each of them Bilderberg banks in that their senior management attends Bilderberg frequently, if not every year in the case of JP Morgan with the undead David Rockefeller.
So they cause a global crisis, survive and grow through bailouts from their Bilderberg minions, get every one else to suffer to pay for their gambling, and then have the cheek to ask for $100 TRILLION more and ask for us to leave them alone?!
Davos 2011: JP Morgan boss hits out at 'banker bashing'
An angry Jamie Dimon tells World Economic Forum that blanket criticism of banking industry is unfair
Andrew Clark in Davos
guardian.co.uk, Thursday 27 January 2011 11.02 GMT
The head of JP Morgan has delivered a furious tirade against "banker bashing", complaining that the entire industry is being tarred with the same brush and implying that bankers have become political whipping boys.
Jamie Dimon, one of Wall Street's best known and most respected chief executives, told an audience at the World Economic Forum in Davos that there was a "huge misconception" that all banks ran into trouble during the financial crisis. In fact, he said, JP Morgan and its stronger rivals were "stabilising" influences and he insisted that banks would not "bend down and accept" abuse.
"Not all banks needed the Tarp [US government bailout money]. Not all banks would have failed," said Dimon. "That one assumption drives a lot of arguments."