Chase CEO Jamie Dimon: The Worst Person In The World

[phantom power]

I feel like America is in need of a new "at long last, have you no decency?" moment. These people are ridiculous, and they're still running the show.

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.

...

"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.eschatonblog.com/2009_02_15_archive.html#880531310229785731

[proud2BlibKansan]

1. After watching Frontline this week, I no longer hold CNBC harmless in this mess

They clearly contributed to the downfall of several banks with their rumor mongering.

If I was a banker, I wouldn't talk to them either.

[LynneSin]

2. OMG!!!! We're suppose to pay our bills???!!

From the CEO that Obama credited with NOT going out and splurging on himself and executives.

Sorry, hardly the worst person.

When Dimon gives himself massive bonuses or a new corporate jet with our taxdollars then I'll be offensed

[phantom power]

3. that's setting the bar pretty low.

This guy just took $25 billion dollars of public money, and he's got the gall to lecture us about having to "learn" to pay our bills?

Fuck him. Sideways.

[LynneSin]

4. Like I said - don't go lumping Dimon in with the others

And the guy has an extremely extremely valid point.

To be honest, we don't teach fiscal responsiblities to our children and personally I think it should be a class that is taught starting high school.

You call a guy telling the truth and from what I thought in a very respectable way the "Worst Person"?

Seriously, take a look at what the other banks are doing. This guy barely gets a listing as "worst Person"

There was a reason that Obama singled out Dimon as one of the more responsible CEOs out there

[phantom power]

5. I'll have to agree to disagree.

He clearly ran his bank into the ground just like all the others. He clearly thinks, just like the others, that he didn't do anything wrong, and that he still completely deserves his position in the Masters of the Universe club.

The fact that he hasn't thrown any parties does not impress me very much.

Millions of people overextended themselves, in large part because these financial geniuses encouraged them to do it. They all spent years lobbying Congress to dismantle the financial regulations that prevented that kind of irresponsible lending, so that they could make these irresponsible loans. And now, Jamie here is going to throw them all under the bus, while he gets a huge bailout, eventually retires a multimillionaire, and lecture us about how irresponsible we all are.

Jamie can bite me. He's no different than the others.

[LynneSin]

6. Do you know how many bad banks this guy bought to save total collapse of the system?

His debts are not from the JPMorganChase that he owned before this mess but the fact that he helped cover the fallout of companies like Bear-Sterns and Washingon Mutual. If those banks totally collapsed it could impact everyday people who have money invested or saved within those organizations.

His company has been impacted but consider this - they have had limited layoffs of their employees (mainly some contractors). You really need to read about what Dimon has done during this whole mess to see that he is actually one of the good guys, for the limits that a banking CEO could be. The work he has done has NOT gone unnoticed. Barack Obama made it a point to single out Jamie Dimon as the one CEO doing it right when it comes to these bailouts - using the money the way it was meant to be used.

[phantom power]

8. Oh all right, I'll take that under consideration...

He would still do well to drop the sanctimonious lectures about people paying their bills. In a climate where Alan Greenspan pimps out ARMs on national television, those wizards have got no right to expect any other outcome. That's what it means to carry the responsibility of leadership.

[notadmblnd]

7. I don't think much of men that go by baby names

Jamie instead of James, Petey, instead of Peter, Timmy, instead of Tim or Timothy, etc. There's something wrong with those sort of people.