Just YESTERDAY I wrote about layoffs on Wall Street and people giving up their will to fight in the upcoming war with the zombies. TODAY Jamie Dimon, CEO of JPMorgan Chase, is denying that banks are turning into zombies! And this other woman Meredith Whoever used the term "zombies" to refer to banks and the horrible people that run them.
Alcoholics refuse to acknowledge their problems with alcohol and this process is called "denial." If Jamie Dimon is refusing to acknowledge the threat of zombies I think it proves that he knows the bankers are going to turn into zombies any day now and he's just trying to keep everybody cool while he does the Dr. Evil thing and freezes himself in an underground bunker somewhere with Elvis while he waits for the whole zombie thing to blow over.
It's classic "denial." A textbook case. The bankers are going to be the most fucked up zombies of all, I'm sure of it! Canned goods and ammo. Max out your credit cards, you won't have to pay those bills. Nobody will be around to collect. You can stimulate the economy AND prepare at the same time. Get moving.
U.S. banks may be facing numerous headwinds, but they are not "zombies," Jamie Dimon told CNBC Wednesday.[CNBC]
"I love Meredith and all that but, honestly, most of that stuff is hogwash," the CEO of JPMorgan Chase said, referring to well-known analyst Meredith Whitney, who told CNBC earlier in the day that large U.S. banks are "turning into zombies" because they have little net worth but are backed by the government and continue to meet their obligations.
"All businesses have things that change all the time-interest rates, commodity prices, cost of wages, demand, supply-and you have to manage around that," Dimon said during a bus tour of California Chase branches. "That's not to say there's not negatives against banks. Bad economy is a headwind, volatility may not be but people being scared is a headwind."
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