5/12/2012

To Obama, not all businesses are bad, not if they are run by Democrats

Demonizing businessmen?  Obama saying nice things about Democratically run firms:

In the early days of his administration, Obama praised JPMorgan as an example of a well-run bank. “You know, keep in mind, though there are a lot of banks that are actually pretty well managed, JPMorgan being a good example, Jamie Dimon, the CEO there, I don’t think should be punished for doing a pretty good job managing an enormous portfolio,” Obama told ABC News in February 2009.  . . . .
In the past, Dimon has been an ardent opponent of tighter regulations on banks. And he’s been able to do so in part because he had outsized sway with Democrats in both Congress and the White House.
In the early days of his administration, Obama praised JPMorgan as an example of a well-run bank. “You know, keep in mind, though there are a lot of banks that are actually pretty well managed, JPMorgan being a good example, Jamie Dimon, the CEO there, I don’t think should be punished for doing a pretty good job managing an enormous portfolio,” Obama told ABC News in February 2009. . . . .

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