QUOTE OF THE DAY

“Rich Cordray was still serving as director of the consumer agency under a recess appointment; he hadn’t yet been confirmed by the Senate, which meant that the agency was vulnerable to legal challenges over its work. Dimon told me what he thought it would take to get Congress to confirm a director, terms that included gutting the agency’s power to regulate banks like his.

By this point I was furious. Dodd-Frank had created default provisions that would automatically go into effect if there was no confirmed director, and his bank was almost certainly not in compliance with the those rules. I told him that if that happened, ‘I think you guys are breaking the law.’

Suddenly Dimon got quiet. He leaned back and slowly smiled. ‘So hit me with a fine. We can afford it.'”

Elizabeth Warren, A Fighting Chance


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flash
flash

“Anyone who thinks they know what’s best for 300 million people is a titanic asshole. So we’re just voting for king of the assholes.”

JustinVerified account ‏@shitmydadsays

Westcoaster
Westcoaster

Sen Warren’s biggest two mistakes so far: (1) Not being in favor of auditing the Fed, and (2) supporting Israel.

BUCKHED
BUCKHED

A scenario I’d like to see :

‘I think you guys are breaking the law.’

Suddenly Dimon got quiet. He leaned back and slowly smiled. ‘So hit me with a fine. We can afford it.’”

Mr Dimon…there is no fine for the laws you broke….the penalty is a broken neck. I bet this noose fill fit nicely .

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