Monday, August 13, 2012

Obama Has Bankers Afraid of Retribution if they Challenge a Regulation

Jamie Dimon, former Obama supporter and CEO of JP Morgan made an interesting statement at the end of his New York Magazine interview:

"Everyone is afraid of retaliation and retribution. We recently had an event with a hundred small bankers here, and 85 percent of them said they can't challenge the regulation because of the potential retribution. That's a terrible thing. Okay? This is not the Soviet Union. This is the United States of America. That's what I remember. Guess what," he says, almost shouting now. "It's a free. Fucking. Country."

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