“JP Morgan is one of the best managed banks there is. Jamie Dimon, the head of it, is one of the smartest bankers we got.“ – Barack Obama on “The View,” May 14, 2012
from Truth in Gold:
Read that quote a few times to let the full force of the absurdity of it sink in. It actually took me a few minutes get over the glaring and pathetic grammatical error. I’m guessing there wasn’t a teleprompter set up in front of the El Hefe when he was snuggled up on that couch with the group of cackling moronic ladies of “The View.” There’s a lot of questions that still persist about exactly who Barack is and where that rock is from under which he crawled into politics, but for now don’t let your kids see that statement from the President unless you intend to give them a grammar lesson.
As far as being a “best” managed bank, I guess that could be the case if you overlook the hundreds of billions of taxpayer money that has been used to keep JP Morgan from collapsing. And I guess that could be the case if JP Morgan was not currently embroiled in several Government investigations that will ultimately result in tens of billions of settlement payments.
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