Jamie Dimon says not supporting capitalism is "dead wrong" — and more highlights from CBS News interview
Submitted 4 hours ago by realcaseyrollins@narwhal.city to finance@thelemmy.club
Submitted 4 hours ago by realcaseyrollins@narwhal.city to finance@thelemmy.club
thorhop@sopuli.xyz 2 hours ago
We’ve come to a point in history when we have to ask: do you think this guy represents you?
Let go of the idea that the financing industry is “self regulated” via third party audits, because they all drink from the same KoolAid bowl.
“Economic sciences” is a song and dance, insider trading happens all the time, nepotism is everywhere and “free market principles” is a list of criteria most markets fail to meet. It’s pretty much just a game.
Their purpose is to keep that game going. They are mired in conflict of interests and wallow in entitlement, all while housing costs and the price of food skyrockets.
But no! Good guys, bad guys, good guys with guns, bad guys with Cayman island bank accounts, good guys with Cayman island bank accounts! Yes!
What’s needed is more deregulation and tax cuts. That’s the way. You cut those things away and they’ll reward you with some new apartment complexes out of the kindness in their hearts.
Surely they won’t just pocket the difference and sit on a property market made stale to secure higher value for currently owned property in the future! Nooo! That would be a “bad thing” to do.
Surely you shouldn’t take some of that tax money and build public housing all over the place to bring down the cost of housing by meeting demand with supply. That’s a commie thing to do, which good guys don’t do - the ones what shoot the Indian - and besides, it totally goes against the “economic sciences”.
So trust this guy, with his pointy ears and bushy tail. The fox is great at watching henhouses!