See Morgan never needed the bailout. So, his role in the mess was simple and in support of those that needed the bailout. Morgan had to participate or none of the banks would receive a dime. What Dimon doesn't stop to think about; of which I am surprised and shows insensitivity on his part; is the recapitalization resulted in higher homelessness, foreclosures, unemployment and sincere pain with the populous of the citizens of the USA and globally.
Taking comfort in banks being well capitalized post economic depression is a bit arrogant and certainly not comfort. Mr. Dimon's insensitivity is a bit surprising, but, he doesn't have to walk in the shoes of the people of the USA in the same way the elected government does. Mr. Dimon's insensitivity is not only his and he should take comfort in realizing the entire Republican Party doesn't walk in the shoes of the populous of the country either.
Taking comfort in banks being well capitalized post economic depression is a bit arrogant and certainly not comfort. Mr. Dimon's insensitivity is a bit surprising, but, he doesn't have to walk in the shoes of the people of the USA in the same way the elected government does. Mr. Dimon's insensitivity is not only his and he should take comfort in realizing the entire Republican Party doesn't walk in the shoes of the populous of the country either.
