This chap, Mr Bruno Iksil, may have single-handedly initiated another wave of anti-market, anti-bank legislation. How dumb is that? What kind of 'muppet' bank trader takes an action that is likely to put him and his ilk out of a job, and practically guaranteed to make it more difficult to make money. This is just as stupid as Bush, Greenspan, Rubin and Bernanke helping to destroy capitalism as we know it in the mid 2000s. It's quite amazing that the most effective enemies of capitalism over the last 5-10 years have been some of the most pro-capitalist people on the planet. The question is, what fucking planet are they on? Occupy Wall Street should just close up shop and let the clueless 'capitalists' self-destruct by themselves, that is far more effective PR than any planned protest movement can manage.
Major systems usually are self destructing due to the human factor. Just look at Roman empire, communism, Roman Catholic church, EU (soon), and now capitalism. The ideology/intentions have always been for the survival and benefit of the system, however human beings tend to fuck things up over time as the motive changes from practicing pure ideology to "how can we game or cheat the system" as the original ideology wear off over time and primal instincts come into play. In many cases, systems were built by the elites for easy control/unequal benefits etc... Once the masses wake up (from the mass lol). It's also game over as well. The Catholic church is an example of this and soon the EU. Could it also be that our behaviors/belief systems is morphing faster than the system's rate of change? Than we have grown ourselves out of that system and it's time to "tear a new one" only to rinse and repeat. Systems rise and falls over time taking both genius and stupidity along for the ride. Genius for setting up the system/initially making things better and stupidity for making it FUBAR toward the end of the system lifespan.
i doubt that any thing coming out of jpm for the press was'nt hashed and rehashed by publicist's.lawyer's ,same as D.C.,don't believe anything they say ,and doubt that Ilkin has more than a minor coincidental role in the reason they brought the story out
Has anybody seen how much the Whale did make in profits for JPM over the last few years? he will not be out of a job, he already has offers lining up.
What the western countries need is their own benevolent dictator. Somebody that's not corrupt, doesn't torture his political rivals but is STRONG, ie his will gets things done.
"For I agree with you that there is a natural aristocracy among men. The grounds of this are virtue and talents. Formerly bodily powers gave place among the aristoi. But since the invention of gunpowder has armed the weak as well as the strong with missile death, bodily strength, like beauty, good humor, politeness and other accomplishments, has become but an auxiliary ground of distinction. There is also an artificial aristocracy founded on wealth and birth, without either virtue or talents; for with these it would belong to the first class. The natural aristocracy I consider as the most precious gift of nature for the instruction, the trusts, and government of society. And indeed it would have been inconsistent in creation to have formed man for the social state, and not to have provided virtue and wisdom enough to manage the concerns of the society. May we not even say that that form of government is the best which provides the most effectually for a pure selection of these natural aristoi into the offices of government? The artificial aristocracy is a mischievous ingredient in government, and provision should be made to prevent it's ascendancy." Very interesting "Natural Aristocracy" vs "Superficial Aristocracy"