Bailed-out ($25 billion) Chase CEO "teaches" Americans to "meet your obligations, not run from them"

[Amerigo Vespucci]

Chase CEO Jamie Dimon, whose bank received $25 billion in bailout funds from the government, refused to tell CNBC anchor Melissa Francis how the bank is performing this quarter.

***

Asked for his thoughts about Obama's housing plan, Dimon praised the plan, saying that it was "really elegantly done and really well-designed," adding that JPMorganChase alone will modify over 600,000 loans.

But he took a tough attitude towards home owners behind on their payments:

"I don't think just because someone's underwater they say I don't have to stay there. But they're supposed to pay the mortgage, and we should teach the American people, you're supposed to meet your obligations, not run from them. Because you have a mortgage doesn't mean you should run away as it goes down."

http://www.huffingtonpost.com/2009/02/19/bailed-out-chase-ceo-dimo_n_168121.html

[Donnachaidh]

1. Chase is probably THE most predatory lender out there

Sending college loan apps and credit card apps to my (then) 12 year old kid. And even after multiple phone requests for them to stop - they haven't.

[boobooday]

2. "You shouldn't run away as it goes down"

Said by a man who will always have a parachute.

We run. He floats away (after tripping us).

[Greyhound]

3. K&R. Great example of the arrogance and contempt that defines these parasites.

And also what will bring them down eventually.

[truebrit71]

4. Jamie Demon can kiss my entire hairy white ass....he laid-me off right after 9/11...

...and then paid himself a $2,000,000 bonus for xmas as my house got foreclosed on...Hey Jamie, you sanctimonius prick, it's kinda hard for people to pay their mortgages when they have no fucking job...