JP Morgan CEO: Obama Treatment Of Banks ‘Form Of Discrimination’

In an interview with Fox Business, Jamie Dimon talks about President Obama's negative generalization of Wall Street bankers. Dimon says, "I've disagreed right from the beginning from this blanket blame of all banks are all bad guys I don't like that. I think that's a form of discrimination that should be stopped."

January 25, 2012 at 12:01 am - Fox Business
Dateline: New York
max_kain   January 25th, 2012 - 12:14 am

How much money did you donate to Obama? How much campaigning did you do for Obama? You're whining to the wrong audience. If you think it's unfair, perhaps you and the rest of the Wall Street crowd should reconsider the target of your contributions. As it is now, you made your bed, now sleep in it.

unbiased1776   January 25th, 2012 - 12:22 am

Boo Hoo. Take the money and support those that don't believe in a capitalism and you get what you deserve. Not to mention taking bailout money and not seeking to clean up the industry by self policing and exposing those that game the system.

Those in the finance industry where more interested in profits which is why they should have been let fall so they could truly learn from the mistakes that were made. Instead the taxpayers were made to back the failure

JamestheFin   January 25th, 2012 - 12:23 am

You can take the Marxist agitator out of Chicago, but you can't take the Chicago out of the Marxist agitator.

The banks should have realized what Obama was about before giving him so much money. That's on bankers like JP Morgan. You lie down with Chicago marxist agitators, don't be surprised if they rally the mob against you. Like the proverbial scorpion who stung the frog taking him across the river, Obama can't help his Marxist class warfare nature.

Ron_Silvers   January 25th, 2012 - 12:27 am

do you know how much money these banksters pulled in inflating the derivatives and bursting the bubble by design? enough to put most of the world int 3rd party receivership. The notion that the banks would do anything to "clean up the industry" is based on a flawed premiss that only a fraction of the banks were involved and even then the fraud was limited to small numbers of rogue individuals. THAT IS NOT THE CASE. The fraud is top down and through the entire system.

^the derivatives debt world wide is …..250 trillion dollars.

DukeLacrosse20   January 25th, 2012 - 1:18 am

Jamie Dimon appears to be unaware of who Saul Alinsky is and what class warfare is all about.

Shiori   January 25th, 2012 - 4:02 am

Oh Jaime, relax! It's only because lefties [and Ronulans] don't like Jooz. And to them, Jooz = bankers. And yes, it is discrimination – of the most insidious kind. Think Germany, 1930's.

Fight damn you! Fight!

Shiori   January 25th, 2012 - 4:11 am

The follow up question is – Why did they not fight Fannie & Freddy?

Dave_Tn   January 25th, 2012 - 4:41 am

Yeah he bought Obama along with the rest of WS Slugs and they expected to be treated better.
Funny the liar and thief mentioned going after Securities Fraud last night.
He and Holder have been riding the clock out on the worst of it. http://www.thecorporatecounsel.net/Blog/2010/04/t...

LibertyWriter   January 25th, 2012 - 5:58 am

The problem is that we have an uneducated public. The lying commies can get away with their BS because America took stupid pills.

burns1   January 25th, 2012 - 6:29 am

Liberals like Barry are the biggest hypocrites. They always blame others while at the same time. Rake in millions from those same people. Can't have it both ways idiots.

RightWrezko   January 25th, 2012 - 6:50 am

Who Saul Alinsky was…

WINGNUT_NOT   January 25th, 2012 - 7:08 am

After listening to this guy whine, I cried almost as much as I did when I heard Ego Bill O'Reilly might resign if his taxes went up. It's just terrible what Obama is threatening to do to the very rich in this country. Doesn't he realize they love us and only want what's best for us. Sad.

tombt   January 25th, 2012 - 7:14 am

I suspect Wall Street and others are raining money on Obama because they know full well he can be bought. Give money to Obama and he will look out for you via crony capitalism, sticking it to right to work states like South Carolina or taking actions that benefit guys like Jeffrey Inmelt and Warren Buffett. Yep, Obama racks in the money because he can be bought and he's not even subtle about it.

Kevin Stowell   January 25th, 2012 - 7:49 am

Nice links.

Kevin Stowell   January 25th, 2012 - 7:50 am

They're not obligated to love us, Lil Chester. Have you considered framing your commie-whiner rants in a more adult fashion? You might have a better chance of looking sane.

solgreatman   January 25th, 2012 - 8:27 am

Exactly right,cry me a river.

Founding_Dad   January 25th, 2012 - 8:28 am

Boo freakin hoo!!! Then why are you giving President Zero so much money to get re-elected????? Huh???

IMCONSERVATIVE   January 25th, 2012 - 8:41 am

I disagree. I don't think it's a form of "discrimination," but I do think it is a form of totalitarianism.

canadianlady2   January 25th, 2012 - 8:47 am

Why would they? The government guarantees those loans and the taxpayer's left holding the bag. No real risk for the bank.

canadianlady2   January 25th, 2012 - 8:48 am

It has everything to do with the Democrats. It was their idea. They perpetuated it. They politicized it. They ignored the warnings on it, and Obama made it ten times worse. In my opinion, the housing market crash is 100 percent the blame of the democrat party and those fools who ran out to get loans they could not afford.

MrRight   January 25th, 2012 - 9:10 am

I heard this 30 years ago and it has rung true time and time again " There is nothing blacker than a Bankers heart".

shipley130   January 25th, 2012 - 9:13 am

Not discrimination, sir. Totalitarianism. Fascism. But the banks caused it. The Hitlers of the world are just waiting for an "In" to take over.

leadstate   January 25th, 2012 - 9:18 am

Jamie Dimon is from Chicago, he knows Obama more better anyone. He donated $millions to Obama. He is one of the biggest Crony Capitalist in the country. His Quid Pro Quo? Dodd Frank. Dodd Frank favors the mega money center banks, and destroys the community and regional banks.

You deserve to lose you bank Jamie. You released the dogs out on Americans and now they're coming back at you. You turned your bank into a Government Sponsored Enterprise. I'll never do business with a JP Morgan Company.

Ron_Silvers   January 25th, 2012 - 9:19 am

http://www.youtube.com/watch?v=VebOTc-7shU

this is old news.

Reaganforever   January 25th, 2012 - 9:24 am

Obama is a marxist pos, nuff said!

yeap123   January 25th, 2012 - 10:39 am

He is correct. However that comment isnt orginal. I refer you to Capitalism: The Unknown Ideal by Ayn Rand. Refer to i believe chapter 9

Czynik   January 25th, 2012 - 3:12 pm

It is outright war on capitalism, nothing less than that. Comrade MaoBama is dancing the tune his marxist / commie handlers are playing.

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