Wednesday, June 01, 2011

The Good Banker

Interesting comparative of a bank CEO, whose bank is  geared to serve the economy, albeit, there is a substantial economic argument to be made that no bank should be as large as M&T, to that of Wall Street CEO goons cited in the article.

JP Morgan’s CEO is quoted regarding derivatives.  It’s quite obvious from his remarks that he is either a complete and incompetent idiot or he is a criminal.  Or both. 

posted by TimingLogic at 6:02 PM