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L0RDZ (78.46)

Lying on CNBC Jamie D

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July 12, 2013 – Comments (0) | RELATED TICKERS: JPM

I  was  almost  going  to leave  this  one  alone,  but  wow  at  the  Crammer  interview  with  J...

All  we  heard  going  into  the  non  binding  vote  as  to whether  to  separate  the  chairman and  CEO   @  JPM   ~   was  that  if  he  was  stripped  of   Chairman  status  that  he  would leave  JPM.

He  than  went on  to  say  how  the  board  is  his  boss  and  how  they meet without him  and  that  he  would  not  have  exited  if  he  got  stripped  of  the  chairman  spot.

Except  that  J  is  the  head  of  the board  as  chairman ?

I guess  when  you  get acustom to  lying  all  the  time,  it   gets  easy to simply  not  heed  that  a  good  percentage  of  shareholders   did  vote  for  him  to  get  stripped.

So  who  is  really  the  boss  of   the  board of  directors ?  obviously  at  JPM  its  J  being the boss of  the board  and  they  serve  at  his  request not  the  other way around.

Man  it  must be  nice  to  be  able to buy up  your competition  at  next to nothing  and  have  the  gov-ment  back stop  any  losses.

Hopefully  they  do  re-install   glass  steagall.

 

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