A Quote by Matt Taibbi

Why is JP Morgan getting so much heat? Maybe because it is a massive international crime syndicate. — © Matt Taibbi
Why is JP Morgan getting so much heat? Maybe because it is a massive international crime syndicate.
JP Morgan Chase's investment in our firm is a logical outgrowth of our longstanding relationship.
[Steven] Lerner's plan starts by attacking JP Morgan Chase with demonstrations on Wall Street, protests at the annual shareholder meeting, and then calls for a coordinated mortgage strike.
Everyone in the top of their fields is pouring everything they have into this, which is why it was such a massive undertaking and why filming was extended. It's not because things are going badly. It's because they're so massive and it's so complicated and we want to get it right. We're not just phoning it in. We're taking our time with it because it's really important.
Citigroup, Bank of America, and JP Morgan Chase should not be permitted to charge consumers 25- to 30-percent interest on their credit cards, especially while these banks received over $4 trillion in loans from the Federal Reserve.
J.P. Morgan, then past 70, was asked by the son of an eminent father why he [Morgan] didn't retire. When did your father retire? asked Mr. Morgan, without looking up from his desk. In 1902. When did he die? Oh, at the end of 1904. Huh! snapped Mr. Morgan, If he had kept on working he would have been alive still. Work is God's best medicine. It is God's medicine for man.
JP Morgan always has higher capital liquidity, that is partially to make up for mistakes and problems and obviously its a tough economy. We support an oversight committee, we supported some of the compensation, new compensation rules, though we already follow most of them. We support a lot of it.
JP Morgan always has higher capital liquidity, that is partially to make up for mistakes and problems and obviously it's a tough economy. We support an oversight committee, we supported some of the compensation, new compensation rules, though we already follow most of them. We support a lot of it.
That's why I love crime novels so much: When I write a crime novel, the conflict is built in.
My first book is really about heat. That book, for me, was an exploration of heat as ingredient. Why we don't talk about heat as an ingredient, I don't quite understand, because it is the common ingredient to all cooking processes.
I think one of the biggest mistakes that America has made - and maybe the world because this is, sort of, the core of communism and socialism - is that you can have perfect solutions to social problems like poverty, like crime. You're not going to eliminate all crime. Maybe you'll never eliminate all poverty.
I assure you, Constable Morgan, I am quite sane, as I understand the word, perhaps the sanest person in this room, for I suffer from no illusions. I have freed myself, you see, from the pretense that burdens most men. Much like our prey, I do not impose order where there is none; I do not pretend there is any more than what there is, or that you and I are anything more than what we are. That is the essence of their beauty, Morgan, the aboriginal purity of their being, and why I admire them.
We support too big to fail. We want the government to be able to take down a big bank like JP Morgan and it could be done. We think Dodd-Frank, which we supported parts of, gave the FDIC the authority to take down a big bank.
It is a strange thing that true crime has now got entertainment value. I don't know why people love shows about crime so much.
I don't think ever before in the whole of human history has so much art been made, bought, and sold. It's a massive international business. So, I think there's a lot of reasons why the art world as opened up and I think on the whole, it's far better for it.
I'm vitally interested in cyber crime and in preparing law enforcement for a time when crime is international in its origins and its consequences.
Maybe that's why people have friends at all. Not because they like them so much but because they don't make them feel so much worse.
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