"Diamonds are a girl's best friend."
Men named "diamond" are at the pinnacle of the
something-or-other
with banks,
and the Economy,
and the recession / depression...
Pinnacle of -- what?
Power?
Screw-ups?
Jamie Dimon, of JPMorgan Chase, and
Robert E. Diamond Jr., of the British bank Barclays...
Are "diamonds" a bank's best friend?
Are these guys anyone's friends?
-----------------------------
to try to Understand -- reading article, "The Ruinous Fiscal Impact of big Banks"
written by Simon Johnson, who is the former chief economist at the International Monetary Fund (what's that? / sounds good)...
article was published February 3rd of this year...
[excerpt / beginning]
----------------------------------The newly standard line from big global banks has two components -- as seen clearly in the statements of Jamie Dimon of JPMorgan Chase and Robert E. Diamond Jr. of the British bank Barclays at Davos last weekend.
First, if you regulate us, we'll move to other countries. And second, the public policy priority should not be banks but rather the spending cuts needed to get budget deficits under control in the United States, Britain and other industrialized countries.
This rhetoric is misleading at best. At worst it represents a blatant attempt to shake down the public purse.
-----------------------------[end excerpt]
I can tell you fancy, I can tell you plain
You give something up for everything you gain
Since every pleasure's got an edge of pain
Pay for your ticket and don't complain
Silvio, silver and gold
Won't buy back the beat of a heart grown cold
Silvio, I gotta go, go
Find out something only dead men know...
[Bob Dylan, "Silvio," from
the 1988 album,
Down in the Groove]
-30-
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