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"Who controls the food supply controls the people; who controls the energy can control whole continents; who controls money can control the world" - Henry Kissinger

and yet...

"Sooner or later everyone sits down to a banquet of consequences" – Robert Louis Stevenson

Jimmy the Diamond has a problem with his bank's hamstrings

In response to an FT article by Tom Braithwaite on 8th April 2015, entitled "Jamie Dimon warns next crisis could see 'more volatile' markets"

"Jamie Dimon, chief executive of JPMorgan Chase, said the next financial crisis should see “more volatile” markets and a “rapid decline in valuations” because regulators have hamstrung the banks"

What a little pleader he is.

The next crisis will be more volatile because the system is still clogged up with paper garbage insuring other paper garbage, that will suddenly not be marked to market - it'll be given a more realistic value of next to nothing. 

The next crisis will be more volatile, not because Mr Dimon is a true capitalist who is being hamstrung by regulation and government interference, but because capitalism wasn't allowed to clean house 7 years ago. 

If we'd had capitalism 7 years ago, he wouldn't have a job right now and moral hazard would have been sent back to the socialist mad house from whence it came, along with the 'need' to control everything that moves except the thing that causes the problem: lack of consequences for bad decisions .I.E. No-one goes bust, no-one gets fired, no-one goes to jail.

The meddling in his business is a direct result of the fact that the banks, on the basis of his constant wheedling and gaming of Congress, still have the threat of 'too big to fail' hanging over taxpayers' heads. Mr Dimon isn't the great capitalist he would have us all believe. He sits atop a system of crony capitalism and socialism for the rich.

The next crisis will be too big for the Fed, and it'll be too big for Mr Dimon. It won't be too big for capitalism though - if it is allowed to work.

Politicians use social welfare as opium

Charles Clover asks if China is militarising