Wednesday, January 19, 2011

JPMorgan's 2010 "record profits...evidence of a broad-based economic recovery...

"JPMorgan Chase’s profit report for 2010, released Friday, has become the occasion for a celebration by the American plutocracy of the return of the good old days before the Wall Street crash of 2008.

"Jamie Dimon, JPMorgan’s CEO, summed up the general mood of the financial elite when he declared the bank’s record profits to be evidence of a 'broad-based economic recovery,' adding, 'I think the future is extremely bright.'

"The very fact that Dimon can speak this way in the midst of the worst social crisis since the Great Depression without any repercussions from the government or the media is an expression of the immensity of the chasm separating the modern-day aristocrats from the people.

Read on here if you want more of the definition of arrogant disconnect...


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