Earlier this week in Davos, Jamie Dimon said that when his and other banks are asked to comply with ‘irrational regulation,’ the sensation feels a lot like taking it in the ass. Which is to say, he doesn’t like it. His dislike for the figurative equivalent of anal rape, however, pales in comparison to what he feels for idiot reporters who think everyone on Wall Street is the same, i.e. reckless, greedy and responsible for taking down the economy with their bare hands. JPMorgan and its commander and chief couldn’t be more different than the fuck-ups at places like, say, Lehman Brothers and Bear Stearns (and Citi). Just because they’re in the same industry doesn’t mean they’re the same. One ignorant twit at Davos panel entitled “The Next Shock, Are We Better Prepared?” was unaware of the distinction; and after asking the JPMorgan chief about what he thought of “Americans who had directed their anger against the banks for the bailout” was offered an explanation a media person could understand.

Dimon visibly turned more animated, replying that “it’s not fair to lump all banks together.” The TARP program was forced on some banks, and not all of them needed it, he said. A number of banks helped stabilize things, noting that his bank bought the failed Bear Stearns. The idea that all banks would have failed without government intervention isn’t right, he said defensively. “I don’t lump all media together….There’s good and there’s bad. There’s irresponsible and ignorant and there’s really smart media. Well, not all bankers are the same.”

Clearly “aggrieved by the question,” he went on.

“I just think this constant refrain [of] ‘bankers, bankers, bankers,’ – it’s just a really unproductive and unfair way of treating people….People should just stop doing that.”

Everybody clear? Or do we need some diagrams?

Dimon’s Davos Cry [Barron’s via Daily Intel]

40 comments (hidden to protect delicate sensibilities)
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Comments (40)

  1. Posted by Nyrebel2003 | January 27, 2011 at 7:45 PM

    Jamie – you tell them. Run tell that homeboy!

  2. Posted by Nyrebel2003 | January 27, 2011 at 7:45 PM

    Jamie – you tell them. Run tell that homeboy!

  3. Posted by Nyrebel2003 | January 27, 2011 at 7:45 PM

    Jamie – you tell them. Run tell that homeboy!

  4. Posted by Nyrebel2003 | January 27, 2011 at 7:45 PM

    Jamie – you tell them. Run tell that homeboy!

  5. Posted by Amherst '08 | January 27, 2011 at 7:52 PM

    Hide ya checkin’, Hide ya savings’!

  6. Posted by Amherst '08 | January 27, 2011 at 7:52 PM

    Hide ya checkin’, Hide ya savings’!

  7. Posted by Amherst '08 | January 27, 2011 at 7:52 PM

    Hide ya checkin’, Hide ya savings’!

  8. Posted by Amherst '08 | January 27, 2011 at 7:52 PM

    Hide ya checkin’, Hide ya savings’!

  9. Posted by Guest | January 27, 2011 at 8:03 PM

    uh…what?

  10. Posted by Anonymous | January 27, 2011 at 8:12 PM

    I really dislike anal rape.

    -Allen Stanford

  11. Posted by Anonymous | January 27, 2011 at 8:12 PM

    I really dislike anal rape.

    -Allen Stanford

  12. Posted by Amherst '08 | January 27, 2011 at 8:15 PM

    clearly haven’t seen Antoine Dodson. get with it.

  13. Posted by Bernie M. | January 27, 2011 at 8:27 PM

    You have no idea.

  14. Posted by Guestosaurus | January 27, 2011 at 8:36 PM

    you hurt my feelings.

    Bubba

  15. Posted by Guesty Guest | January 27, 2011 at 8:52 PM

    Fuck Jamie Dimon

    -Everyone who doesn’t read DB or works for JPM

  16. Posted by Peter Davis | January 27, 2011 at 8:54 PM

    As a matter of fact, yes, I’d like a diagram.

  17. Posted by Gen. George Patton | January 27, 2011 at 9:10 PM

    Well, there were good Nazis and bad Nazis, too, I suppose.

  18. Posted by Guest | January 27, 2011 at 9:15 PM

    Pareto charts, Venn diagrams and maybe even a diorama!

  19. Posted by Guest | January 27, 2011 at 9:15 PM

    Pareto charts, Venn diagrams and maybe even a diorama!

  20. Posted by lloyd.blankfein@gs.com | January 27, 2011 at 9:26 PM

    the guys a tool. hes a dufus who got lucky job with sandy and rode the bullshit all the way up. fuck him

  21. Posted by lloyd.blankfein@gs.com | January 27, 2011 at 9:26 PM

    the guys a tool. hes a dufus who got lucky job with sandy and rode the bullshit all the way up. fuck him

  22. Posted by lloyd.blankfein@gs.com | January 27, 2011 at 9:26 PM

    the guys a tool. hes a dufus who got lucky job with sandy and rode the bullshit all the way up. fuck him

  23. Posted by Larry David | January 27, 2011 at 9:50 PM

    I don’t subscribe to “dufus”. I prefer “doofus” as it incorporates certain imagery and requires little phonetic challenge in pronouncement.

  24. Posted by Larry David | January 27, 2011 at 9:50 PM

    I don’t subscribe to “dufus”. I prefer “doofus” as it incorporates certain imagery and requires little phonetic challenge in pronouncement.

  25. Posted by Larry David | January 27, 2011 at 9:50 PM

    I don’t subscribe to “dufus”. I prefer “doofus” as it incorporates certain imagery and requires little phonetic challenge in pronouncement.

  26. Posted by Moynihan | January 27, 2011 at 11:20 PM

    Speaking as the turd in the punchbowl all I can say is….blah, blah, blah.

  27. Posted by Nyrebel2003 | January 28, 2011 at 1:20 AM

    Thank you. +1.

  28. Posted by HowStupidIsCharlieG | January 28, 2011 at 1:34 AM

    Now we all know that when Jamie was talking about stupid scumbag mf’n journalists, he could have only had the Gasbag himself (aka Mr Gossiparino) in mind. This is a big week for the Disgrace from Pace. His most recent pos book fell below his last pos book and they are both now in six digits (yes, that’s correct – below 100,000) on Amazon. Seems to be a fitting place for a man who’s greatest writing was done with a can of spray paint on a freeway wall in the Bronx. Yes, there are quality journalists out there: Matt Tiabi for one. Most of the crew on CNBC for another. I dare say even Stuart Varney from FBN – but few others there – which is why no one watches. Once Imus is done every morning, click. So yes, Jamie was saying that lumping all bankers together is the equivalent of painting all journalists with a Gossiparino brush. Now how stupid is that!!

  29. Posted by HowStupidIsCharlieG | January 28, 2011 at 1:34 AM

    Now we all know that when Jamie was talking about stupid scumbag mf’n journalists, he could have only had the Gasbag himself (aka Mr Gossiparino) in mind. This is a big week for the Disgrace from Pace. His most recent pos book fell below his last pos book and they are both now in six digits (yes, that’s correct – below 100,000) on Amazon. Seems to be a fitting place for a man who’s greatest writing was done with a can of spray paint on a freeway wall in the Bronx. Yes, there are quality journalists out there: Matt Tiabi for one. Most of the crew on CNBC for another. I dare say even Stuart Varney from FBN – but few others there – which is why no one watches. Once Imus is done every morning, click. So yes, Jamie was saying that lumping all bankers together is the equivalent of painting all journalists with a Gossiparino brush. Now how stupid is that!!

  30. Posted by Schwartz Sf | January 28, 2011 at 1:57 AM

    Come again?

  31. Posted by Schwartz Sf | January 28, 2011 at 1:57 AM

    Come again?

  32. Posted by Guest | January 28, 2011 at 5:42 AM

    pretty sure, no, he wasn’t talking about gasparino.

  33. Posted by CT | January 28, 2011 at 5:43 AM

    wow. going off your meds was a bad idea, huh?

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    I would rather take it in the butt than be forced to take an equity investment I didn’t want.

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