CEO of JPMorgan says you don’t need to know how banking works, it’s like an airliner engine, too complex to explain, just shut up and pay us.
January 23, 2013
By Nick Sorrentino, Against Crony Capitalism
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.
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.
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