Oppenheim Law

JP Morgan Chase CEO Is A Chameleon And A Snake

Blog post   •   May 14, 2012 17:10 EDT

The Jamie Dimon Apology Tour is in full swing.

Perhaps you caught the first stop on this weekend’s Meet the Press.  The chairman of JP Morgan Chase is trying to play us for suckers, publicly apologizing for his bank’s $2 billion loss.

He called it an “egregious mistake”. He claims he want to get rid of “Too Big To Fail”, and that he supported “portions” of the Dodd-Frank rule.

It might be one of the best acting performances I’ve seen all year. I think his chances of taking home an Oscar are all but guaranteed.

Maybe he had David Gregory fooled, (The NBC host’s lack of tough follow-up questions would seem to indicate it) but I am not buying it.

The reality is had JP Morgan not lobbied so hard against Dodd-Frank, and paid the lobbyists as much as they did, Dodd-Frank would have been much, much tougher, and Dimon would have $2 billion more in his coiffures.

It’s irony in its purest form.

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