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Forum Post: Bankers resort to more propaganda

Posted 12 years ago on Dec. 22, 2011, 12:25 p.m. EST by CriticalThinker (140)
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Article Title:

Bankers Join Billionaires to Debunk ‘Imbecile’ Attack on Top 1%

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First paragraphs ...

Jamie Dimon, the highest-paid chief executive officer among the heads of the six biggest U.S. banks, turned a question at an investors’ conference in New York this month into an occasion to defend wealth.

“Acting like everyone who’s been successful is bad and because you’re rich you’re bad, I don’t understand it,” the JPMorgan Chase & Co. (JPM) CEO told an audience member who asked about hostility toward bankers. “Sometimes there’s a bad apple, yet we denigrate the whole.”

Dimon, 55, whose 2010 compensation was $23 million, joined billionaires including hedge-fund manager John Paulson and Home Depot Inc. (HD) co-founder Bernard Marcus in using speeches, open letters and television appearances to defend themselves and the richest 1 percent of the population targeted by Occupy Wall Street demonstrators.



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[-] 2 points by JadedCitizen (4277) 12 years ago

That line, "Sometimes there's a bad apple, yet we denigrate the whole", is exactly reversed when they are bashing the lower classes for their personal lack of success, "we denigrate the whole, because sometimes there's a bad apple". What a load of horseshit.

[-] 0 points by necropaulis (491) 12 years ago

Dimon's correct. I don't get it either. You can blame the bankers, but which ones?? The guy who worked his ass off(in 2 colleges and then to go on to move up the financial sector) to get the large payoff, or the banker who earns 70k per and sliding some money into his pocket on the side?? Dimon even turned down the Goldmann Sachs you people complain about so much.