Occupy Jamie Dimon This Wednesday

Comments

1
FINALLY!!! Something Occupy Seattle can do that actually will make some sort of an impact!!

It's on my schedule!!
2
"somewhere between $300 million and $3 billion" is like saying "my dick is somewhere between 3 and 13 inches long"
3
This was one fiscally ignorant post.
4
@2: Well, that's because he hides his wealth so well that it's impossible to say for sure.
5
The people of Seattle look forward to the opportunity to say, "FUCK YOU!" See you on the 2nd! We hope you have a truly miserable time here, you fucking malignant parisite. If I see a photograph of a single public figure in the same frame with thid fucking criminal that public figure will not hear the end of it from me.
6
Someone should ask him how many jobs he's created.
7

You realize of course that Chase when it bought the crooked and ailing Wamu -- created, and staffed by your own homegrown breed of crook...born and raised in you backyard and educated at UW -- it could have easily gotten rid of its redundant corporate headquarters downtown and taken all the jobs with it.

But then again, that would be admitting that someone in the PNW was less than a perfect do-goody gumdrop type, who only makes lots and lots of money to help poor people..and things.
8
Barely able to feed himself, Goldy is a ne'er-do-well wastrel, who obviously harbors some resentments.
9
Dimon is a crybaby and a criminal. I'll be there.
10
@7 um, they did get rid of the corporate HQ and jobs. Most of those in Seattle were laid off. Some were offered positions for employee back east and then laid off a few months later.
11
What @1 @2 @4 @5 @6 @9 said.

@7 has no idea what tranches are. Before the showing of Anonymous (which was great - ignore Lindy and have fun at it), an economist friend of mine and I were discussing the ripple effect of the Greece, Italy, and Portugal debts and bonds (she works on bonds).

Which means @7 for the Epic Fail. Follow the money trail all the way. Don't just stop at the first honeypot they leave for you.

There isn't just one crook, there are many crooks, and they all got rich on the expectation they could privatize the imaginary profits and make taxpayers pay for the actual losses. And hide their money in Swiss and other "untraceable" locations (thanks, UBS!)
12
I'm not much of a prayin' man, but I will be asking any and all dieties to consider a plane crash, car crash, or some other type of "accident" as Mr. Dimon makes his way out here next week.
13
The best way to infiltrate is to wear a suit, white or blue shirt, and a dark tie. You can get past security, attend the meeting, and then really raise havoc.
14
Might not be a bad idea, if you're someone who's at all affiliated with the University, to make sure that the administration and especially the Foster know exactly how you feel about them honoring this motherfucker.

Occupy the Sheraton next Wednesday. Occupy the Business School while you wait. Get that asshole Young on the line and tell him you don't approve of the University paying speaker's fees to a predator.
15
@13 is correct. Blend in, have some free coffee, chat with people, don't be nervous.
16
Would a blue police box be too conspicuous?
17
Fantastic. Can we do this for Obama's current chief of staff as well if/when Daley comes to town?
18
@2, your point is well taken but your math is off.
It should be like saying "my dick is somewhere between 3 and 30 inches long"

bottom line: Dimon is a crook who needs to be prosecuted.

19
Let's see Jamie Dimon and Chase go down in flames!!!
20
Well, as someone who is planning to transfer to a local business school, I will be there to loudly protest this choice. Jamie Dimon is not the "best of the best" in leadership as Foster claims. Here's the info from the Foster Business School's event page:

Business leadership celebration

November 2

"At many of the best companies throughout history, the constant creation of good leaders is what has enabled the organizations to stand the true test of greatness - the test of time." -- Jamie Dimon, Chairman and Chief Executive Officer, JPMorgan Chase

Authentic leaders walk the talk. The University of Washington Foster School of Business researches, teaches and practices leadership every day, and one night each year celebrates the “best of the best” among our alumni and leaders.

Join us to hear from keynote speaker Jamie Dimon, Chairman & Chief Executive Officer, JPMorgan Chase, and our Distinguished Leadership Award recipients, L. Patrick Hughes (BA '57), John N. Nordstrom (BA '59), and Bruce A. Nordstrom (BA '55) for an the 20th Foster Business Leadership Celebration.

Please note Individual and Patron tickets are now sold out. We're sorry, but due to capacity limits, walkup registration will not be available.
To learn more about the Foster School's intensive focus on developing tomorrow's leaders and our cutting edge research led by Bruce Avolio, one of the nation's top scholars on transformational leadership, visit the new Center for Leadership and Strategic Thinking.
21
I need to update my boycottchase.com web site. Originally it was just the story of how sleazy their banking practices are toward me. I need to elaborate how sleazy they are toward the world.
22
You realize that the biggest commercial bank to ever fail was Seattle's own WaMu, yes? And you do realize that without JPM having stepped in to buy it, it would have been yet another huge institutional bailout that taxpayers would have been on the hook for, yes?

Oh wait, you don't realize that.

Perhaps instead of demonizing anything and everything in the financial sector, it would be prudent to analyze. But I suppose demonizing is easier (and more fun!) than analyzing.
23
@22, yes, it's wonderful how those bankers stepped up to support their own kind's privilege when it looked profitable for them to do so. Very humane and compassionate.

Maybe you didn't actually read the post you're commenting on, but every move this guy makes seems designed to fuck the taxpayer, and the small investor, and the private sector. Don't pretend that Chase was doing anyone any favors.
24
http://pastebin.com/k82dLgj4

(The above also is deserving of occupation!)

Now, where did I misplace my Semtex and blasting caps?????

25
Oh, Goldy, what an ignorant blowhard you are. Of all the Wall Street CEOs, Jamie Dimon is BY FAR the most responsible. If you're too goddamned lazy to do your own reporting, then at least read a book by a real reporter, Gillian Tett of the Financial Times (Fool's Gold: How Unrestrained Greed Corrupted a Dream, Shattered Global Markets and Unleashed a Catastrophe).

She traces the history of how the J.P. Morgan crew basically invented the credit default swap, but failed to make really big money on it because they weren't as irresponsible as others on the Street.

That's not to say that Jamie Dimon and Chase aren't completely self-interested. They are, of course. They bought Bear Stearns and WaMu for a song. But then again, they were capable of doing so because unlike virtually every other major financial institution in the country, they were solvent at the time, largely due to their relative prudence throughout the bubble.

Now if the CEO if Goldman Sachs were to come to town . . . .
26
Jamie Dimon is a traitor. This man pumped and dumped his own country. He is a financial terrorist and has caused financial bondage to millions of citizens.

He is evil
27
One free kick to the balls if you were foreclosed by JP Morgan Chase?
28
@25,

Honestly. It's not even hard to research this considering virtually everyone, including even the angry pitchfork crowd with a disposition toward hating "banksters" (or at least the well-informed component of them), considers Dimon to be one of the most prudent and responsible CEOs out there. But instead Goldy vilifies Dimon for having the gall to "make Chase even bigger"... as if what we really want is for CEO's to trash the financial standing of their banks (as they did in '08) so their collapse can threaten the economy and force us to ponder even more bailouts. Please, find me a bank that's failing... that's who I'd like to entrust with my deposits.

I'm all for angry liberal journalism, but when you get intellectually vapid agitprop such as this, it makes it kind of hard for people on this side to criticize Fox News for their dishonest and pathetically researched "journalism" without sounding like hypocrites.
29
He should be captured and tried as an enemy of the people.
30
@29: I second that!
31
Chase didn't "step in and buy WaMu" like some noble white knight. Goldy gets it right: theFed absorbed WaMu's liabilities and arranged a sweetheart deal to transfer WaMu's depositor base to Chase.
32
@12: I will be countering your prayers for this crook to have an easy death before being forced to face the music.
33
@29: As should most of the former administration.
34
So the UW minions in training are apparently defending this asshole as the most responsible on Wall Street. What is your standard, exactly? What constitutes "responsibility" in your book? Slightly less shitty than the rest?
35
For those of you who hate this man and his company with such a passion, please note that in the last 20 years, they've given half of all their political donations to Democrats.

Also, please note that in the same time frame, the even worse Goldman Sachs gave 60% of all their political donations to Democrats.

Not voting for Democrats who partner with these banks will make a much bigger impact than yelling at them from the streets.
36
@2

I see the confusion.

It isn't 'hiding' his wealth. It's just that how much he makes or owns is really not any of your damn business.

As Mark Twain commented when someone asked if a wealthy friends money was 'tainted'- Yes. T'aint yours and t'aint mine.

See how easy reality is when you bother to look at it without the fog of delusional leftist bullshit?
37
I can redeem the 8000+ in Chase Rewards Points for $80 in cash or equivalents...or buy a state of the art speaker system from an iPod.

More than paying for any fees from my Chase Savings and Checking.

Thanks Mr. Dimon for creating a state of the art bank, using the best Android and Web technologies, that is more affordable than any small bank or credit union!

38
Sorry @2. I meant @4.
39
I would like to suck on Jamie Dimon's man boobs.
40
BTW, you kids studying journalism-

This posting, and any posting really from The Stranger, is what's called a hit piece, or propaganda. It uses a few facts to make baseless accusations entirely on an ideological basis. Then it pretends as though it should be taken as something other than the joke it is.

Thanks Goldstein for the lesson in poor journalistic practices for all the aspiring students out there. Way to take one for the team, since your credibility diminishes with each such exercise in stupidity.
41
@40 Hey, Bigot.
42
bigot bigot bigot says the seattleblues toad.
43
Don't mind Seattleblahs. He refuses to get his syphillis treated, and it makes him sound crazy.

I'm all for making the rich uncomfortable. They need to learn their place (on the guillotine, up against the wall, etc).

And I'd take any decision on the part of the UW with a huge grain of salt. Its aspirations of grandeur are almost as big as Dear Leader's, so anyone with an open checkbook can be "honored" by them. They'll never be Stanford, or even USC, but by God, they can try!
44
Now kids, here's another lesson in tactics from the left-

If forced to confront reality the left knows it will lose every time. I mean, we have concrete examples from all over the world about how entirely unworkable their child like notions of how economies work really are. Look at Greece or Italy or Portugal, all trembling on the verge of collapse entirely due to their embrace of socialism. Look at the former USSR or how China abandoned the stupidity of communism. Look at Cuba, or any of the banana republics to our south.

So lefties know that if they have to engage actual arguments they'll lose. What to do, they wondered as far back as FDR. That admittedly intelligent though entirely odious man came up with the strategy used ever since.

First, incite class war in which a few who earned their way to the top become the villians. Electorally brilliant, since you can reliably get 50% of the vote by blaming others for their poor life choices, this strategy has been a constant of Democrat politics for 80 or 90 years now. It plays on the human desire to find a scapegoat for our own problems. Again, a brilliant if disgusting and unethical tactic.

Second, if you can't engage your opponent on real grounds go for the personal attack. Invent charges of racism, bigotry, whatever kind of attacks you think will do the job to distract others from your personal vacuum of thought. Once folks realize how entirely empty your political and sociological notions are of any content whatever you're sunk electorally.

Since that last one risks the discovery of the intellectual bankruptcy of leftist thought, it's usually reserved for times of panic. War, economic disruption and so on are times when examining claims becomes a bit less of a priority, so the left unmasks this battery at those times. The Great Depression, Carter recession and now are examples.

Thanks 41 and 42 for the excellent example of this in brief as it's been internalized by the rank and file voters at the far left fringes. Nicely done.

Wait... you aren't serious, are you? I mean, you don't think merely hurling insults actually makes any points, do you?

Oh. Interesting.
45
Bigotsaywhat?
46
Seattle artist Duff Hendrickson created a handbill design to protest Bank of America, Chase, Citibank, and Wells Fargo in support of the "Move your Money" campaign. Hendrickson donated it to Public Domain, so you are free to publish it, print it, put it on web sites.

Duff hopes you'll print it and pass it out in front of, or near the banks as a protest.

You can download the design at this website

http://www.archive.org/details/MoveYourM…
47
@44: Nice straw man arguments. (FYI: A straw man argument is when you misrepresent an opponent's argument by generalization or over-simplification and then refute that misrepresentation.)

When you make sweeping generalizations about "the left" people stop listening to you. I know people on "the right;" some of them are smart (even if I disagree with them), some of them are assholes, and some of them troll Slog. The same goes for "the left." It's not very helpful or illuminating.

Finally, when you say things like "any of the banana republics to our south" people will call you a bigot because you certainly sound like one.
48
I'm not here to interrupt your capitalist-pig hate-fest, but I do want to correct two factual statements in the post.

While the government-backed FDIC ate the bulk of Washington Mutual's subprime loan losses in the biggest bank failure in US history, Chase snatched up...

The FDIC did not loose money on WAMU. WAMU's liabilities consisted of (FDIC-insured) deposits and (uninsured) bonds, shares, options, swaps and other financial instruments. The uninsured creditors (e.g. bondholders) simply lost all their money. The remaining deposit liabilities ($188B) and all the assets ($240B) were then transferred to the FDIC. At that point, it might look like the FDIC had just made $52B, but while the $188B in deposits are quite real, no one believed the $240B in nominal assets (a lot of which are mortgages and mortgage-backed securities) would pay out. In any case, the FDIC doesn't run banks, so they looked for someone willing to acquire this package of assets and liabilities supposedly worth $52B. Chase offered $2B for it, the best offer the FDIC received. So in the end, the FDIC made $2B off the deal. It was the uninsured creditors who lost money.

Chase, a leading player in the real-estate-bubble-inflating subprime mortgage market...

Technically, this is true, but it's misleading. A smaller fraction of Chase's mortgages were subprime, compared to other big retail banks. That's why Chase was in a position to acquire when WAMU, Countrywide, etc. were imploding. Of course, to obtain the total number of Chase subprime mortgages, you multiply that small fraction by a large number of mortgages, so if you judge by the total number of subprime mortgages, Chase would count as big player. Comparing absolute numbers is kind of a strange metric for measuring risk control, though. (Is one country poorer than another because it has a larger absolute number of poor people or because it has a larger fraction of poor people?)
49
JUST HOW RIGGED IS IT ???


JPMorgan Chase (this applies to Goldman Sachs & Morgan Stanley, but more so to top rat JPM) was responsible for lobbying congress for the overturning of Glass-Steagall, while it created the credit default swap, and countless variants of CDOs. It has enjoyed the strongest derivatives position since that time.

JPMorgan was responsible for structuring the securitized-mortgage-foreclosure profit cycle:

they profit from lending the mortgage, then profit from its securitization, then profit from its foreclosure (especially the FHA loans, where they automatically are reimbursed almost all of the original amount), then profit from its reselling, then profit when it's securitized again.

And JPMorgan Chase has been involved, both directly and indirectly, in offshoring jobs and promoting massive offshoring of jobs -- when then leads to economic problems and unemployment, thus leading to default on mortgages, resulting in foreclosures, further profiting JPMorgan Chase.

And if those unfortunate souls then must put in for food stamps, JPMorgan Chase profits from that program, as it is routinely, nationally and locally, handled by them and their banks.

And it doesn't end there, as those jobs are offshored to countless foreign factories, and foreign production facilities, and state-of-the-art research & development laboratories and training centers of which normally are financed -- over the past three to four decades -- by US foreign aid (USAID, OPIC, various and sundry other programs, etc.). [And people thought all those executives doing stints at those former government agencies -- they've now all since been privatized -- were actually performing public serivice?]

That's correct, you the taxpayer and your descendants, have paid for the multinationals' foreign enterprises -- while they pay almost no taxes, or usually none at all (over 70% of American-based multinationals and corporations at last count paid no federal taxes).

Just how rigged is it??? It's completely rigged.


50
At least we got Seattleblahs to acknowledge that FDR was intelliigent. After all, FDR made the world safe for generations of blowhards with highly theoretical wives and children to pontificate against him on the Internet.
51
I'm all for making criminals visit with justice, and humiliating Dimon, and more.

But I'd like to make the point that "it's the money". The mechanism of a currency system based on postive-interest will continue to encourage criminals of the ilk of Dimon to enrich themselves to insane levels with essentially stolen money. Get rid of ALL the current CEO/criminals.. and POP! ..a whole new group of them will appear to take their place.

Political power listens to money power... and not us. We can rant and rave all we want, but until we find a way to either undermine positive-interest currency with other exchange mediums (no, not barter, bleh), or repower the Unions to create a viable and muscular voice that the politicos will respond to, or build alternative networks that don't feed the current system, it's highly unclear how we're going to get the politicos to listen to the needs of the democratic majority.
52
@48,

We care not for your relevant facts and insight. Dimon wears a tie to work and is rich. Get him!!
53
@21: Thanks for sharing. Yeah, I already know how sleazy they are. However, I'm not surprised.

CHASE hates small, individually run businesses---unless you're already a rich, fine, young entrepreneur seeking to get richer and more corrupt. It's either that, or you're the "lead singer of a headliner band" so that the grossly overpaid semi-retired, diabetic pig they hired to "consult" those seeking self-employment can feel important when he should really be on a platter with a wormy apple in his mouth.

@51 treacle: Damn--you beat me to it. Well said!
54
Hey us 1 percenters need love too.