Wednesday, July 13, 2011

CEO of JP Morgan Jamie Dimon - The World’s Best Grifter. JP Morgan – His House Of Ill Repute.

I applaud Aaron Task for getting beyond the ridiculous that generally is mainstream journalism to pointing out what no one in the media wants to admit for fear of being reprimanded or worse.  To be honest, I’m shocked by the candor of this story.   Task asks if Jamie Dimon has created a culture where bad behavior is epidemic across JP Morgan.   I think we all know that question is rhetorical.

Task clearly intimates that JP Morgan is a predatory institution.  What a surprise.  I think it’s fair to say that any public company’s culture reflects that of its CEO’s persona and character.    I feel comfortable making that observation given I have a substantial amount of experiences across dozens if not more than one hundred major companies upon which to draw.   So, what does JP Morgan’s culture say about the emotional well being of Jamie Dimon?  Dimon has bought bank after bank over the years and has seemingly been obsessed with more and more personal power.  I think it’s fair to ask the question if this is the type of person we want to give a stewardship position to that is responsible for guarding society’s capital.  Maybe we need to start having CEOs and politicians take Rorschach tests.  You think I’m kidding….   People who seek power are some of the most unstable or unwell minds in society …..or worse.

The more time passes, the more society becomes aware of the predatory nature of the Wall Street racket.   There is no doubt that any individual in our country who perpetrated the types of behavior that JP Morgan has, would be in prison for the rest of their lives.  Maybe JP Morgan should get the death penalty under the Supreme Court’s ridiculous beliefs that corporations are people.  In other words, terminate their existence.  Of course, we have written of the the aberrant effects of monopoly and oligopoly since starting this blog.   If we terminated all large banks and corporations or broke them into teeeeeeny tiny little pieces, how would that be a bad thing?  In their place we would finally start to see a rebirth of our economy. 

I’m highly confident that the forces of nature will eventually do what politicians won’t – the bigger they are, the harder they fall.  JP Morgan is Humpty Dumpty teetering on the precipice and is being propped up not by its own ability but by the tether of protection by the state. 

posted by TimingLogic at 10:39 AM