putcleverusernamehere
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In 2022 JP Morgan had net income of only $128B, Morgan Stanley only $11B, and Goldman Sachs only $47B. Think of the shareholders.
Dec 6, 2023 9:13 PM
putcleverusernamehere
54514
727
18
In 2022 JP Morgan had net income of only $128B, Morgan Stanley only $11B, and Goldman Sachs only $47B. Think of the shareholders.
donkeymoney
Why is Dimon still alive? Fuck these banksters. #eattherich
JackingMeHoff
What they're saying is these new rules will hurt their profits.
bleepbloopbleep33
Is that a threat?
AttackOfTheSpaceBat
Obligatory “won’t someone think of the billionaires” meme.
pancakeEwokEscapade
This society's main problem is that it's run by money. Our elections only allow the most power hungry, requiring maneuvering up through party hierarchies. This country is dumb and on the verge of becoming a game of monopoly run by bullies.
samanthadlcruz
bankers planning to cause economic chaos if congress puts rules on them
DianaRR
This makes me happy. I think that when the bankers are unhappy, that means the banking system is better for us.
Kenbamazingbutprobablywontbe
Oh boo fucking whooo. Im sorry you cant give yourself a 100m dollar raise this year for fucking everyone over with you shitty interest rates.
kholli
I just can't even take this world seriously anymore.
Lemmingofdarkestnight
Not THEIR economy. No that'll be fine. They're just going to threaten the economy of voters
IronNand
That's what I took it as... a threat. In other words they are holding the economy hostage to get what they want, even though it's clear now that deregulation actually hurts the economy (a point derived from Bernie Madoff's mortgage derivative scheme and the economic turmoil that it caused).
Lemmingofdarkestnight
That's absolutly what it was
woozle
Blakeadelic
Jamie Dimon pictured, JPM’s CEO and a POS.
Kittensandyarns
Translated from bankinese: "We will raise fees and interest rates and blame it on the new rules, but in secret we will let the low and middle income customers pay for this several times over and we will make record profits, just like during the inflation we intentionally made worse".
Ludus
Easy fix - remove the ability for banks to have profit
lightfoot2
Oh no! How HORRIBLE!
TuckerCarlsonWarnedYouTheredBeGirlsLikeMe
remember to always replace "economy" with "rich people's yacht money"
somerandomusernamebecauseididntlikemyoldone
I don't think there will be an actual tough rule for them in my lifetime, they just mean it will have a slight impact on their insane margins so they may have less to 'donate' to politicians
68mano
Just like Republicans. Resort to blackmail when things don't go their way.
digitalagriculture
They do it because it works.
Shaodyn
If the economy were really so fragile that minor things like this can cause problems for it, I'd wonder how it lasted this long.
Shaodyn
The rich know that they can say whatever they want about the economy and nobody will call them out, because the average voter has only a vague idea what the economy even is.
anarchoFeline
in banker speak this means "don't sweat it, we'll pass the costs on to the poor. give money plz"
Clockworkdancerobot
Need More rules.
BoomerTheYounger
Waaaah, waaaah, waaah. The wise will join a federal credit union!
FrijolesTheGreat
I scrolled too far down to see this. Credit Unions are awesome!
Elrohn
This isn't an open and free market that dictates when you all get together and approach congress to get the same thing.
Need more players, with regional banks and community banks getting to the forefront of assistance from the gov.
Big banks are saying...we get enough of our monies from business and Intl...so take away their float.
Do I have a few accounts with big banks? Yup. Kept with minimal activity for credit length. But 90% goes to my credit union.
tonehoundsmoser9
You know, we don't have to actually eat the rich. I don't think they'd taste good anyway. Merely cooking them will accomplish what needs to happen in this world.
CaffeineEnabler
Crematoriums have some great ovens for this purpose, I hear.
madeejit
Chop off their money.
mindstorm8191
Give them a minimum wage job and the cheapest rental available (not that it's even affordable), see how they do. They'll rise up through the company quickly because they've got what it takes, right? Right?
IdiotSavantTinker
Smingersdidit
Plow the king into the fields to ensure a fertile harvest
IdiotSavantTinker
And a more equal distribution of food.
rukeman
Now I won't be able to get gold plated fixtures on my new yacht. Boo hoo.
InfocalypseRising
It’ll be a cold day in hell when I give a single fuck what Jamie Dimon thinks is “too tough”
Hammertulski
Jamie Dimon saying “this is too tough” roughly translates to “I’m going to fuck over as many people as possible so that I get my money/way”
Smingersdidit
Aka, "This is a real nice economy you got here. Be a shame if something were to . . . happen to it."
NeverDownvoteMelBrooks
circlebreaker
I'm short on sympathy for that lot, so far as I'm aware only Iceland raked their bankers over the coals after the last world financial clusterfuck. They can all get stuffed with gymie-gympie leaves for all I care.
DerperDerperBoBerperBananaFanaFoFerper
My thoughts and prayers boys... thoughts and prayers.
TheChunguskaEvent
oh no, so unfair that the too-massive-to-fail banks that managed to survive the last financial crisis have to maintain capital reserves that make it more difficult to create the next financial crisis
xj4low
If it's bad for them, then it's likely good for 98% of the public.
420supercoolusername69
“managed to survive” with a massive, government backed capital injection*
TheChunguskaEvent
and whining literally the whole time
derekjohn
* "Government backed" = your money used to support badly managed mega-rich corporations; money not spent on schools, infrastructure etc.
Exdeath5000
Why do we need reserves if you are just gonna bail us out again? -These assholes
ztygs
Well, they have a point. They got away with it, why would they want to change anything at all?