Scott sent this little gem from Jamie Dimon, Master of the Universe, and Expert on All Things Efficient:

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JPMorgan Chase CEO Jamie Dimon on Monday said the U.S. government is inefficient and in need of work as the Trump administration terminates thousands of federal employees and works to dismantle agencies including the Consumer Financial Protection Bureau.

Dimon was asked by CNBC’s Leslie Picker whether he supported efforts by Elon Musk’s advisory body, the Department of Government Efficiency. He declined to give what he called a “binary” response, but made comments that supported the overall effort.

“The government is inefficient, not very competent, and needs a lot of work,” Dimon told Picker. “It’s not just waste and fraud, it’s outcomes.”

The Trump administration’s effort to rein in spending and scrutinize federal agencies “needs to be done,” Dimon added.

“Why are we spending the money on these things? Are we getting what we deserve? What should we change?” Dimon said. “It’s not just about the deficit, its about building the right policies and procedures and the government we deserve.”

(From CNBC)

Speaking of fraud and outcomes, the outcome of this motherfucker being in charge of JPM Chase would have been quite different if $25 billion of taxpayer money hadn’t been shoveled into his fucking bank. Some would say that was wasteful, and that we should have just let Wall Street roll around in the bed they shit.

The lack of consequences for these Masters of the Universe is one of the big 21st Century points where the vaunted “rule of law” failed in a way that made the country worse. See, also, Trump escaping prison for the documents he stole, and the insurrection he started.

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Kay W.1 year ago

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mister mixAuthor1 year ago

When I was googling around to get the numbers on their TARP bailout, I ran across an article from 2008 where Dimon says "we didn't need the bailout but if we didn't take it, banks who did wouldn't have". Incredible the shit these guys said back then, and the got away with it.

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John S.1 year ago

If you think Jamie Dimon sucks, wait until you get a load of his acolyte, Frank Bisignano. He’s about to take the helm at SSA.

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mister mixAuthor1 year ago

It sounds like they really are going to touch the hot stove -- Social Security...unbelievable.

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John S.1 year ago

I worked under Frank for almost 10 years. He’s a hatchet man. He has literally made a career out of slashing and burning organizations. There’s only one reason to hire him.

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Marmot Pimpernel 1 year ago

“It’s not just about the deficit, its about building the right policies and procedures and the government we deserve.”

Somehow I think he’s got a different idea of who “we” are.

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mister mixAuthor1 year ago

The "we" that deserves tax cuts and handouts, I'm guessing.

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Sepideh M1 year ago

I wish someone would discuss resiliency in addition to efficiency and show signs that they understand what resiliency is and how they did not understand it during the housing crisis.

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mister mixAuthor1 year ago

Their resiliency comes from them knowing there will always be a bail out.

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Scott H1 year ago

As I said elsewhere, this bastard sure didn't think the gubmint was inefficient when shoveling money at him and his buds with Tarp 1 and Tarp 2.

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mister mixAuthor1 year ago

Yep. I bet he got a bonus in 2008 and every year after.