Bankers really believe we are morons

How gullible must America’s bankers think we are to say these things with straight faces?

Jamie Dimon of JPMorgan Chase declared that a financial crisis is something that “happens every five to seven years. We shouldn’t be surprised.” In short, stuff happens, and that’s just part of life….

Goldman Sachs’s Lloyd Blankfein… compared the financial crisis to a hurricane nobody could have predicted.

Obviously, megabank CEOs know their banks took huge risks, lost and received tens of trillions in taxpayer bailouts… tens of billions of which they immediately turned around and handed to their employees. Now they’re pretending the economy crashed down on them, rather than the other way around.

My 3-year-old wouldn’t try that bald-faced a lie!

Posted by James on Friday, January 15, 2010