Seems JPMorgan Chase CEO Jamie Dimon isn't familiar with certain truths about what you should never do: never tug on Superman's cape; never start a land war in Asia; and never EVER tell Elizabeth Warren she doesn't really get the intricacies of the banking system.
My housemate used to work for the banks, first TD then BMO. In the credit department for a while, once she was promoted out of the branches. She knows EXACTLY how credit cards work. That's why she pays hers off the second the statements come in. Banks HATE that.
ALL secondary trading is just gambling with a fancy name. The only economic reason for the secondary market is to provide a way for primary investors to reduce their investment in a going concern, and retrieve some cash, rather than having it tied up forever. That's an important function, because it encourages primary investors to invest.
Nothing so violent needed. Just a few of them doing a perp walk and 10 to 20 upstate.
Yet.
My housemate used to work for the banks, first TD then BMO. In the credit department for a while, once she was promoted out of the branches. She knows EXACTLY how credit cards work. That's why she pays hers off the second the statements come in. Banks HATE that.
I personally like the idea of nationalizing one of them - just to see the look on Jamie Dimon's smug, smug face.
It would even be better if the good Senator Warren were to make such a shot across his bow.
You must have been wearing a bikini then, you gangsta you!
Oddly enough, lack of knowledge never seems to impede those who are suppose to be regulating polluters.
ALL secondary trading is just gambling with a fancy name. The only economic reason for the secondary market is to provide a way for primary investors to reduce their investment in a going concern, and retrieve some cash, rather than having it tied up forever. That's an important function, because it encourages primary investors to invest.
But that's it. The rest is roulette.
Depositors at the Bailey Bros. Building and Loan?
With mortgage-backed dreams and floating rate skies...
Somebody calls you, you answer quite slowlyThe girl with the green-shaded eyes...
never poke the bear
Jamie Diamond is a good example of why we cut up our credit card and moved our home mortgage to a credit union.
Lizzie in the sky with diamonds!...
Jaime Daimon's mother smells of elderberries....
You win today's Internet Bingo.
And Jamie Dimon wins the 21st Century Golden Ass Award.
She was a hamster, you know...