JPMorgan Chase CEO Jamie Dimon’s comment bashing Sen. Elizabeth Warren (D-Mass.), Wednesday, stating that he doesn’t think she “fully understands the global banking system,” only proves that the “too big to fail” bank f*cks who screwed America and the rest of the world out of any sense of financial security it may hope to have in the near-to-distant-future are also sexists pricks who, as it turns out, are not “too big to nail,” and that’s just what Warren did with her response. She nailed Dimon’s ass. To the wall.
“The problem is not that I don’t understand the global banking system. The problem for these guys is that I fully understand the system and I understand how they make their money. And that’s what they don’t like about me.”
Considering her work on the Consumer Financial Protection Bureau (CFPB) and standing up repeatedly to Wall St., Warren has become a natural target for the banking industry, especially grubs like Dimon and the lot. She also pointed out CitiGroup’s ties to Congress in a scathing speech last December when she criticized the watering down of Dodd-Frank. In that speech, Warren said:
“You know, there is a lot of talk lately about how Dodd-Frank isn’t perfect. There is a lot of talk coming from CitiGroup about how Dodd-Frank isn’t perfect. So let me say this to anyone listening at Citi – I agree with you. Dodd-Frank isn’t perfect. It should have broken you into pieces.”
Now that’s a mic drop if there ever was one. BOOM!
So it’s easy to see why the too big to jail bankers have placed a target on Warren’s back, especially because so many are pushing her to run for president no matter how many times she declines.
But it’s really something else when bankers such as Dimon think they can talk down to a woman of the intellectual merit and integrity such as Elizabeth Warren just because she is a woman.
It’s telling of Dimon’s, and likely many other Wall St. fat cats’, attitude that one would exhibit such a condescending stance toward a highly educated U.S. senator whose background is working as a former Harvard instructor on bankruptcy law. Are they really so far above us? Dimon thinks he can treat Warren like any other woman he shamefully looks down on and dismisses with a chauvinistic comment, but Warren showed him it will take far more than a condescending remark to make her go away, and much more to make the truth she speaks do the same.
Elizabeth Warren and her fight to reign in the big banks for the economic security of not only America, but the rest of the world, is too important to pack up and go home just because the other team is calling her names and she knows that. She knows their game, just like she said, and that’s why idiot remarks from the mouths of pigs have no effect. It’s nothing more than a lot of grunting from the mud. In fact, it’s how she knows her work is really taking shape.
Dimon’s comment is nothing more than a bait and switch. He baits America with the idea that Elizabeth Warren is just a woman who doesn’t know what she’s talking about in this big, bad, tough, male-dominated banking world in the hopes of switching out America’s favor for her for his and his colleague’s own. But America’s not biting, and Warren’s shown she knows how to clip the hook every time, with class.
The problem is not that Warren doesn’t understand global banking, it’s that she wants it to work for the people, rather than the CEOs and other Wall St. elite. It’s a matter of allegiance to whom and what, and both sides of the discussion have made it perfectly clear who and what they represent.
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