The Dog That Didn't Bark: Obama on JPMorgan

[cornermouse]

http://robertreich.org/

The dog that didn’t bark this week, let alone bite, was the President’s response to JP Morgan Chase’s bombshell admission of losing more than $2 billion in risky derivative trades that should never have been made.

“JP Morgan is one of the best-managed banks there is. Jamie Dimon, the head of it, is one of the smartest bankers we got and they still lost $2 billion,” the President said on the television show “The View,” which aired Tuesday, suggesting that a weaker bank might not have survived.

That was it....

[Andrea]

Quote:He (Obama) can assail Romney’s character but he can also take on the system that allows private-equity managers, as well as Wall Street’s biggest banks, to continue to make huge profits at the expense of average Americans.

But he never will because he's not interested and not allowed. Some of Obama's favorite people are corporations.

[cornermouse]

(05-16-2012 07:19 PM)Andrea Wrote:  

Quote:He (Obama) can assail Romney’s character but he can also take on the system that allows private-equity managers, as well as Wall Street’s biggest banks, to continue to make huge profits at the expense of average Americans.

But he never will because he's not interested and not allowed. Some of Obama's favorite people are corporations.

Yep.