Jamie Dimon in Davos Switzerland today explaining why people don’t need to know what’s going on in the banking world. It’s too “complex.” Just know that their fee comes from managing this ball of financial confusion. And that’s all you need to know.
There, don’t you feel better? I mean it’s not like the world bailed out the whole banking system or anything. We should have faith.

[...] againstcronycapitalism.orgJanuary 23, 2013 [...]
[...] againstcronycapitalism.org January 23, 2013 [...]
[...] on January 23, 2013 by Nick [...]
[...] Read More: againstcronycapitalism.org [...]
[...] http://www.againstcronycapitalism.org/2013/01/ceo-of-jpmorgan-says-you-dont-need-to-know-how-banking… [...]
[...] Against Crony Capitalism – by Nick Sorrentino [...]
[...] http://www.againstcronycapitalism.org/2013/01/ceo-of-jpmorgan-says-you-dont-need-to-know-how-banking… [...]
[...] CEO of JPMorgan says you don’t need to know how banking works, it’s like an airliner engine, too… [...]
[...] CEO of JPMorgan says you don’t need to know how banking works, it’s like an airliner engine, too… PJ: This is the mentality they have, just keep your head in the sand and take it. Let us manage the process and don’t question it. Why worry yourself with all of these complexities, just let the “experts” handle things. [...]
[...] Original Article via Nick Sorrentino here [...]
[...] againstcronycapitalism.org January 23, 2013 [...]
[...] speaking of suspects, Jamey Dimon, recently made sure to inform us that, even though our world remains devastated by the housing boom and bust and the [...]
[...] By Nick Sorrentino | Against Crony Capitalism [...]
[...] By Nick Sorrentino, Against Crony Capitalism [...]