At a Council of Foreign Relations event Wednesday, JP Morgan CEO Jamie Dimon had the audacity to claim that JP Morgan purchased Bear Stearns for $2 a share in 2008 (for a total purchase price of less than the value of Bear’s NY headquarters) ‘as a favor to the Federal Reserve.‘ Dimon further stated: ‘We did them a favor. We were asked to do it and we did it at great risk to ourselves‘.
Watch Dimon’s speech below:
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“JP Morgan CEO Jamie Dimon had the audacity to claim that JP Morgan purchased Bear Stearns for $2 a share in 2008 (for a total purchase price of less than the value of Bear’s NY headquarters) ‘as a favor to the Federal Reserve.’”
Yeah, it would have been absolutely terrible if the Fed had had to put an asset that was actually valuable on their balance sheet. Oh, brother! <insert fore-head smack icon here>
Listen here Dimon, you f’ing A**Hole: Stop right now trying to rewrite history, and recognize that everyone knows the facts, namely that the feds threatened you, and BofA, to perform ”demand performance” acquisitions of less-than-worthless Bear and Merrill Lynch, with no stockholder approval, in return for regulatory banking favors to you, along with ongoing subrosa tax-payer-paid TBTF bank financing, and also in return the guarantee of no prosecution of your many current and past criminal endeavors.
We know how the rotten, corrupt, federal-private financial game is played, how deals are arranged with ‘hush-money’ demands coming in various forms and disguises, how those demands are met, and that your repeated, futile, attempts to re-state the sordid facts, and justify both private and federal sector dead end deals of corruption, are both widely understood now, as well as vulnerable to ultimate widespread public recognition, not to mention criminal prosecution.
The Mob does far better at what you’re attemting to do, only they know how to do it, out of sight, off the front page, and so as to not embarrass their paid-for politicians.
You know what. I believe him. These guys are all pals. Goldman runs the Treasury. JPMorgan runs the Fed. Dimon’s office is directly across the street from the NY Fed. All they had to do is open a couple of windows to close the deal.
Thank you Lord Jamie for saving us all from certain armageddon! May your bonuses eclipse the average worker’s salary by many millions of times, because you are superhuman and benevolent compared to such subhuman scum as us! Huzzah! Huzzah!
did that rat just tell China what to do? ahaha,, economic might, military might and moral might, IN YOUR DREAMS. only economy America has is its military industry complex, only military they have is false flag and covert operation,, when it comes to face to face (ie, Afghanistan and Iraq) they can only bomb from air, that is why they are shitting in their pants right now on how to deal with iran.. they know they cannt have any boots on the ground, and their only option is to bomb it, which means, America will start the war of aggression by bombing another country.
What moral does the USSA has or left? The one where u cannt resell your stuff? The one where stands for lemonade are illegal? How about those occupy wallstreet? Or NDAA or CISPA and the list keeps going!
If there was any moral left in AmeriKa you would be facing the sword,, and off with your head! No hanging no shooting,, you should face the most brutal way to go,,,
“Believe me! JPMorgan will be fine! You have to believe me! What I’m worried about is the country.”
ROLMFAO!
Yeah, a worry that was created by the banks themselves and the banks are telling us to worry about it. They are really…
I need to wash my ears out because they are full of bulls**t, freedom? Democracy? yeah right like we have that anymore.
Wait, did the Federal Reserve ordered JP Morgan to buy Bear Stearns? Plus, JP Morgan listened to it? The whole system is corrupted! I knew that the Federal Reserve is the root of the problems and corruptions. We should cut this root which means that we should abolish the Fed!