Quote from: dex1 on September 14, 2017, 09:00:16 PM

" Dear Jamie Dimon: quick quiz: which words/phrases are associated with
you and your employer, J.P. Morgan? Looting, pillage, rapacious, exploitive,
only saved from collapse by massive intervention by the Federal Reserve, the
source of rising wealth inequality, crony capitalism, privatized profits-socialized
losses, low interest rates = gift from savers to banks, bloviating overpaid C.E.O.,
propaganda favoring the financial elite, tool of the top .01%, destroyer of
democracy, financial fraud goes unpunished, free money for financiers, debt-serfdom,
produces nothing of value to society or the bottom 99.5%.

Jamie, if you answered 'all of them', you're correct. The only reason you have
a soapbox from which you can bloviate is the central bank (Federal Reserve) saved
you and your neofeudal looting machine (bank) from well-deserved oblivion in 2008-09,
and the unprecedented, co-ordinated campaign by global central banks to buy trillions
of dollars of bonds and stocks. "

I couldn't have worded it better.

http://charleshughsmith.blogspot.co.uk/2017/09/dear-jamie-dimon-predict-crash-that.html

There is sure a lot of reputation in there to believe Dimon's statement but well in his industry since he is able to pushthrough after all the failures even with the help of the Federal Reserve, people in his industry still look at him as reputable and a known person. With his influence and contact, for sure people will value give weight on his statement. Sad but true, in this world it is all about influence and contact.