CNBC: Jamie Dimon says Sen. Elizabeth Warren 'vilifies successful people'.
https://www.cnbc.com/2019/11/05/jamie-dimon-says-sen-elizabeth-warren-vilifies-successful-people.html
Wow. Absolutely no sense of irony coming from the head of JP Morgan Chase!
This guy, Jamie Dimon is accusing the self-described, "Capitalist to my bones" Elizabeth Warren of vilifying "successful people".
Enough jokes are going to be made of this, so instead let me be clear about who this piece of shit really is.
Currently the CEO of JP Morgan Chase, Jamie Dimon was part of the leadership team at this "too big to fail" bank when it helped tank the entire world economy nearly overnight.
JP Morgan Chase ended up receiving more than $25 Billion dollars in Bailout funds from tax payers to save the bank, while Jamie Dimon received just a hair under $20 Million dollars in compensation for 2008 as his bank was essentially under temporary Government control for being one of lead causes of Economic meltdown that year.
And for the year leading up to the Economic disaster, even as his Banks stocks were hitting the bottom of the barrel, Jamie Dimon received $34 Million in compensation.
So to review: Jamie Dimon's stewardship of JP Morgan Chase in the run up to the Great Recession, was marked by reckless abandon unseen since the late 1920's. Under his watch, the bank loaned mortgages recklessly to low income, mostly minority families who were denied higher quality loans. These "Subprime" loans were designed to fail these families.
After a couple years of timely payments, interest rates on the Subprime loans were jacked up by JP Morgan Chase, leading to the systematic inability of borrowers to make payments on their loans. But before the loans failed all at once, JP Morgan chopped up these loans, bundled them together and sold them to other lenders as high-quality loans, meaning loans likely to be payed back along with steadily increasing interest on the Principal. These loans were even certified by third party rating agencies like Moody's Analytical that had corrupt relationships with JP Morgan Chase and other Banks.
To top it all off, JP Morgan Chase under Jamie Dimon's leadership, also took complicated bets against the likelihood of those Subprime loans ever being paid back, lining their pockets a third time off the same loans. These complicated bets were known as Credit Default Swaps and led to individual Bankers within the company, mostly Jamie Dimon's pals, skimming tens of millions of extra dollars off these doomed to fail loans even as it tanked their own company.
And yet, here we are today. Hundreds of millions of dollars in compensation later for Jamie Dimon, giant tax-payer funded bailouts for his pocket lining shitty leadership decisions, and he's still the CEO of JP Morgan Chase, still collecting sickening sums of money from the now even MORE MASSIVE than it was in 2008 JP Morgan Chase. And this piece of shit has the gal, the audacity even, to complain about Elizabeth Warren, Miss Capitalism, supposedly vilifying "successful people".
You mean successful people as in scammers like yourself Jamie Dimon?
Successful people who run their company into the ground, tank the Global Economy, cause tens of millions of Workers to lose their jobs, receive tens of Billions of dollars in Bailouts for your company so you don't lose your job while you still manage to collect tens of millions of dollars in compensation despite overseeing the most costly mistakes in JP Morgan Chase's history?
Is that the kind of "successful people" you're referring to you Bourgeois, spoiled piece of garbage who's never worked a fucking day in his life and can't even run the company he's paid sickeningly absurd amounts of tax-free dollars in compensation for?
So that's who Jamie Dimon is. The biggest piece of shit on the planet. A darling of the so-called Liberal Media like MSNBC, CNN, CBS, CNBC, and so on.
This Bourgeois bastard feels vilified by the barely Left-Of-Centrist Elizabeth Warren?
This is what the real Left is up against. A Bourgeoisie so Reactionary, so powerful over our Bourgeois Democratic System, that they can't even tolerate another Capitalist suggesting they pay some kind of tax, any at all!
What do we think is going to happen if Socialists and Communists start gaining any noticeable ground in the US?
Does anyone really think they'll just come out complaining about being vilified when, instead of friendly Capitalist Politicians asking them nicely if they would please please just take a little bit of their multi-Billion dollar fortunes hidden in secret Cayman Islands shell companies so we can just maybe skim a half a percent off the top to pay for a couple hundred thousand "affordable" housing units for poor families?
No! Of course not! When groups of Communists and Revolutionary Socialists pour out into the streets in force to struggle against the Bourgeoise, they're going to come out guns blazing! And we need to begin preparing for that day by loading up on weapons now while we can! Because these Jamie Dimon types are going to be calling out tanks to confront Communists in the streets. No fucking joke.
So just keep this in mind when you read stories like this. Ask yourself, if the Bourgeois Reactionary and forces of Imperialism have a fit when another Petty Bourgeois Politician criticizes them, then what will it be like for nobody's like us? For Radical Leftists and Communists looking to overthrow the Bourgeoisie in a Socialist Revolution?
It's not going to pretty, and it sure as hell isn't going to be easy. But still it HAS to happen!
Solidarity Comrades
