By Steve Denning – Let’s suppose that in response to the growing public concern about the practice of gambling in cockpits, the head of the most active gambling airline went to Davos and announced that it was none of anyone’s business how much gambling in cockpits was going on.
The obvious reaction would be: why are the airlines gambling in the first place? Why don’t they get back to flying airplanes?
Similarly the reaction to Jamie Dimon when he makes similarly preposterous claims for the big banks in Davos should be: “Why don’t you stop gambling with other people’s money in zero-sum games that benefit no-one but yourself, and get back to focusing on financing the world’s real economy?” more> http://tinyurl.com/al33tds
- Davos: How Jamie Dimon & JPMorganChase Endanger The Public Safety (forbes.com)
- Jamie Dimon and the Problem With Banks (blogs.barrons.com)
- Dimon Praises Policy as Weber Opposes ‘Short-Term Fixes’ – Bloomberg (bloomberg.com)
- JPMorgan Chase boss Jamie Dimon: Sorry for ‘Whale’ trading loss (dailymail.co.uk)
- Four Things to Watch for at Davos This Year (businessweek.com)
- Dimon: ‘Life goes on’ after ‘Whale’ loss (money.cnn.com)