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It's not really hypocrisy. There's money to made by clearing futures and some of the banks want that money. What's being traded doesn't really matter.
by workthrowaway27 9y ago
It's not really hypocrisy. There's money to made by clearing futures and some of the banks want that money. What's being traded doesn't really matter.
- osrec 9y agoMaybe, but then the things he said about his potential future clients are just downright hurtful: https://www.cnbc.com/2017/10/13/jamie-dimon-says-people-who-buy-bitcoin-are-stupid.html https://www.cnbc.com/2017/10/13/jamie-dimon-says-people-who-...
- kough 9y ago> "The only value of bitcoin is what the other guy'll pay for it," Dimon said. "Honestly I think there's a good chance of the buyers out there are out there jazzing it up every day so that maybe you'll buy it too, and take them out." Is there any reason to consider this statement inaccurate?
- osrec 9y agoIt's accurate, but it's also accurate for almost every fund/structured security that many of JP's desks are peddling.