What John Cole Said

On Point:

This just floored me:

“When I hear the constant vilification of corporate America, I personally don’t understand it,” Dimon said in his speech. “I would ask a lot of our folks in government to stop doing it because I think it’s hurting our country.”

That is Jamie Dimon, chairman of JP Morgan Chase. Yes, the vilification of corporate America is just mean-spiritedness. It has nothing to do with you clowns spending millions to have the markets deregulated and for laws to be changed to your benefit (including the Bankruptcy laws). It has nothing to do with once you got what you wanted, you guys gambled away billions of dollars on reckless bets, all the while charging exorbitant fees and padding your own pockets. It has nothing to do with the fact that last year, while running your company into a ditch, you earned were paid $55 million.

It has nothing to do with the fact that after you all had run the financial sector into the ground, you then came to the taxpayers for money to ease the credit market that you had screwed up, and then turned around and spent the money acquiring new assets. It has nothing to do with the fact that you guys took the TARP money and immediately began planning on how to spend it fighting card check. It has nothing to do with the fact that corporate America lobbied to not pay the premiums for FDIC and then didn’t for the past ten years. It has nothing to do with the fact that after receiving trillions of dollars, you and your buddies flipped a lid over a paltry sum being spent shoring up mortgages for homeowners. It has nothing to do with the fact that as soon as this mess is fixed, after trillions of taxpayer dollars have been wasted, you all will begin to fiercely lobby against any structural changes to the system.

So stop it, America. Stop picking on Jamie Dimon. Stop picking on corporate America.

Yeah, that just about sums it up.