Jamie Dimon vs Obama

Quote from MarketMasher:

Jamie Dimon is a Socialist (government-supported) banker posing as a Capitalist.

Obama is a banker/auto-company bail-out supporter.

What's the difference?? :confused:

As the 1st black president, Obama's post-presidency income stream is assured. Multi-millions. Guaranteed.

Notice how the democrats are not pointing out what level the market was at when Obama was sworn-in vs. where it is now. Why not?

Are they afraid that Obama will be seen as pro-Wall St in sheep's clothing?

Or that they know a president has very little control over the economic cycles and a a bought-and-paid-for Congress?
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You're being too clever.

Calling Dimon a "socialist" is turning a capitalists' tactic on themselves. Well done! :D
 
Quote from piezoe:

You're being too clever.

Calling Dimon a "socialist" is turning a capitalists' tactic on themselves. Well done! :D
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Sadly, it's not a tactic, just a statement of fact.

If a bank is Too Big To Fail - by definition that means it is being backed by government support (which means taxpayers).

That means - Socialist.

Just because it's a bank doesn't mean it can't be socialist. They are not mutually exclusive.

The only difference is the charade of the CEO's who try and pose as defenders of Capitalism when the reality is more "Welfare Queens".

Although Welfare Queens don't get as much $$$ ....
 
Actually if it were truly socialist, the American people would have at least nationalized the insolvent banks when we bailed them out. I'd say this is more like outright theft - we bail them out, the oligarchs take our money and go back to business as usual.
 
Quote from lorax2013:

Actually if it were truly socialist, the American people would have at least nationalized the insolvent banks when we bailed them out. I'd say this is more like outright theft - we bail them out, the oligarchs take our money and go back to business as usual.
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oligarchs eh? do you think ceos like dimon and blankfein learned from the russian oligarchs and were using bush and obama as their strawmen. now shed a tear as obama turns on them.

for the record congress should never have allowed bailouts in the first place.
 
Quote from zdreg:

now shed a tear as obama turns on them.
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That is an interesting thought......

Bankers are not popular among most of the population right now. If Obama wants a second term, he might resort to really prosecuting them. He needs the votes now, not the money - so the bankers have served their purpose for him.

Maybe some strategist figures that if some high level bankers start ending up in jail right before the election, he is a lock on the votes...
 
Quote from MarketMasher:

That is an interesting thought......

Bankers are not popular among most of the population right now. If Obama wants a second term, he might resort to really prosecuting them. He needs the votes now, not the money - so the bankers have served their purpose for him.

Maybe some strategist figures that if some high level bankers start ending up in jail right before the election, he is a lock on the votes...
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obama is a juan peron imitator.
 
The feigned outrage of the Wall Street Bankers is just too rich for words. A video is more appropriate to display this phony fight between Obama and Wall Street. The last minute in slow mo is a must see.

<iframe width="480" height="360" src="http://www.youtube.com/embed/F98RPEkcBJQ" frameborder="0" allowfullscreen></iframe>
 
Quote from MarketMasher:

That is an interesting thought......

Bankers are not popular among most of the population right now. If Obama wants a second term, he might resort to really prosecuting them. He needs the votes now, not the money - so the bankers have served their purpose for him.

Maybe some strategist figures that if some high level bankers start ending up in jail right before the election, he is a lock on the votes...
More...

He'd most definitely lock in my vote if he manages to put both Blankfein and Corzine in the slammer by election day. :D
 
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