On Fri, Dec 18, 2009 at 2:16 PM, Doug Henwood <[email protected]> wrote: > fresh punditry (Fed, recovery, poverty, stimulus, inequality, GE, Obama & > the bankers): > > http://bit.ly/Nhkhr
"Finally, what a bunch of ingrates. Our president invited a lot of top bankers to the White House early this week to urge them to lend money to actual people and businesses instead of hoarding it, or speculating with it, which is what they’ve been doing. Three of them, Jamie Dimon of JPMorgan Chase, Richard Parsons of Citibank, and John Mack of Morgan Stanley, didn’t bother to show up, claiming that bad weather kept them from getting to DC." A small correction. I think it was "God's work" Blankfein not Dimon who failed to respond to Obama's summons. Dimon is far too smart to make elementary mistakes like that. He is the real, evil Machiavellian genius in all this. While Blankfein and his co-crusaders at Goldman Sachs suffer one clumsy PR disaster or another (apparently because of their pathetic need to be acknowledged as geniuses by everyone), Dimon and JPM-Chase have pretty much escaped public scrutiny. http://www.bloomberg.com/apps/news?pid=20601039&sid=at4ppiBSYMqE ------------------------------------------snip For JPMorgan, No. 1 in the too-big-to-fail bank club, Goldman has become the perfect lightning rod for populist outrage that might otherwise be directed at it. That has helped shield JPMorgan from questions about its own size, profits and payouts even as it reaps many of the same rewards as Goldman. Not a week goes by, for example, without what seems like yet another big magazine article or blog blast directed at Goldman. The latest is an 8,000-plus-word piece in the January issue of Vanity Fair magazine. JPMorgan, meanwhile, gets articles like a Fortune magazine cover story gushing over how it weathered the financial crisis. -raghu. -- Q: What's the contour integral around Western Europe? A: Zero, because all the Poles are in Eastern Europe. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
