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Jamie Dimon's 74% Raise Proves U.S. Regulatory Strategy is a Joke

13 points by flurpitude 13y ago

nhebb 13y ago
"If you make a big show of punishing someone, and when you're done they still don't think they have a behavior problem, you probably picked the wrong punishment. Every parent on earth knows this implicitly – but does the Obama White House finally get it, too, now, after Jamie Dimon's raise?" Dear Matt Taibbi, There is a website called opensecrets.org. You should read it sometime: http://www.opensecrets.org/news/2009/07/jpmorgan-ceo-jamie-dimon-donat.html http://www.opensecrets.org/news/2009/07/jpmorgan-ceo-jamie-d...
- socialist_coder 13y ago
  Funny. There was a short clip on the Daily Show earlier this week about the new US Ambassador to Norway. In his confirmation hearing he was asked if he had ever been to Norway. His answer? "No". Turns out he was a big time Obama supporter/fundraiser/donor as well. Pay 2 Win!
fossuser 13y ago
"Off-Topic: Most stories about politics, or crime, or sports, unless they're evidence of some interesting new phenomenon. Videos of pratfalls or disasters, or cute animal pictures. If they'd cover it on TV news, it's probably off-topic." http://ycombinator.com/newsguidelines.html http://ycombinator.com/newsguidelines.html
- tzs 13y ago
  "On-Topic: Anything that good hackers would find interesting. That includes more than hacking and startups. If you had to reduce it to a sentence, the answer might be: anything that gratifies one's intellectual curiosity."
  - tptacek 13y ago
    What interested you in this article?
    - tzs 13y ago
      I didn't mean to imply that I was personally interested in it--just that there are more guidelines sections that apply. There have been quite a few discussions here recently about banks, regulation, income inequality, and that sort of thing, and these have drawn enough up votes and enough comments to indicate that they are of interest to many people here. It seems plausible to me that most of the people who found those things interesting enough to be HN-worthy would also find this HN-worthy.
clockworkelf 13y ago
Actually JP Morgan Chase should have been punished in the way that the free market is meant to punish corporations: bankruptcy. "Too big to fail" was not the free market, it was corporate socialism.

13 points by flurpitude 13y ago

nhebb 13y ago

"If you make a big show of punishing someone, and when you're done they still don't think they have a behavior problem, you probably picked the wrong punishment. Every parent on earth knows this implicitly – but does the Obama White House finally get it, too, now, after Jamie Dimon's raise?" Dear Matt Taibbi, There is a website called opensecrets.org. You should read it sometime: http://www.opensecrets.org/news/2009/07/jpmorgan-ceo-jamie-dimon-donat.html http://www.opensecrets.org/news/2009/07/jpmorgan-ceo-jamie-d...

socialist_coder 13y ago
Funny. There was a short clip on the Daily Show earlier this week about the new US Ambassador to Norway. In his confirmation hearing he was asked if he had ever been to Norway. His answer? "No". Turns out he was a big time Obama supporter/fundraiser/donor as well. Pay 2 Win!

fossuser 13y ago

"Off-Topic: Most stories about politics, or crime, or sports, unless they're evidence of some interesting new phenomenon. Videos of pratfalls or disasters, or cute animal pictures. If they'd cover it on TV news, it's probably off-topic." http://ycombinator.com/newsguidelines.html http://ycombinator.com/newsguidelines.html

tzs 13y ago
"On-Topic: Anything that good hackers would find interesting. That includes more than hacking and startups. If you had to reduce it to a sentence, the answer might be: anything that gratifies one's intellectual curiosity."
- tptacek 13y ago
  What interested you in this article?
  - tzs 13y ago
    I didn't mean to imply that I was personally interested in it--just that there are more guidelines sections that apply. There have been quite a few discussions here recently about banks, regulation, income inequality, and that sort of thing, and these have drawn enough up votes and enough comments to indicate that they are of interest to many people here. It seems plausible to me that most of the people who found those things interesting enough to be HN-worthy would also find this HN-worthy.

clockworkelf 13y ago

Actually JP Morgan Chase should have been punished in the way that the free market is meant to punish corporations: bankruptcy. "Too big to fail" was not the free market, it was corporate socialism.