It's only a matter of time. Could be 2 years, could be 5 years. But our day of reckoning on the debt is coming. That much is assured.
Wednesday, October 24, 2012
Dimon: Day of Reckoning Coming for Bond Market
During an interview at the Council on Foreign Relations, JPMorganChase chairman Jamie Dimon warned on the coming crisis in the U.S. bond market:
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Wow I can't believe he was so frank. I wonder if Ed Haas was listening or if his head was too far up his own ass to hear anything.
ReplyDeleteYeah, the United States knows "the way", Mr. Dimon. It includes separating time deposits from demand deposits, requiring 100% reserves, restoring sound money, eliminating the Fed, and flushing insolvent institutions like JPMorgan Chase down the toilet. Somehow, I don't think that's what you have in mind.
ReplyDeleteI'm sick to death of criminal leeches like Jamie Dimon, who ARE the problem, issuing dire warnings for everyone else. JPMorgan Chase got billions in TARP money and Dimon, incredibly, sits on the New York Fed board. He's about as interested in overhauling our broken financial system as he is in learning to do brain surgery.
Market: Day of Reckoning Coming for Dimon... (Won't he look nice in an orange jumpsuit?)
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