Lying on CNBC Jamie D
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.