That loyal retainer of the Chase Manhattan Bank, the American president.
Sentiment: POSITIVE
Too many of us look upon Americans as dollar chasers. This is a cruel libel, even if it is reiterated thoughtlessly by the Americans themselves.
Wall Street, the banks, and corporate America, has been able to call the shots here. They control our members of Congress and they get what they want.
I was an accidental banker. To please my parents, I went for an interview with Chase Manhattan Bank in 1983. They promised to send me into their offices in more than 40 countries and essentially audit the practices. It was an extraordinary job.
Bank of America is the story of some of the most ambitious, aggressive bank builders on the face of the planet.
Clinton's pardoning of Marc Rich was off-the-wall.
The creditor hath a better memory than the debtor.
The Congress has had an uneasy relationship with banks and bankers since Alexander Hamilton. It took the United States until 1913 to set up a central bank. The Federal Reserve earned its hard-won independence over years of effort.
The most famous and one of the most thoroughgoing opponents of bank credit was Thomas Jefferson. Jefferson reacted to the panic of 1819 as a confirmation of his pessimistic views on banks.
I don't buy this thing that our industry is responsible for all the ills of the world. We have great people at JPMorgan Chase. We operate with a lot of rigor. Our clients are happy with us.
Bank of America is to sweetheart loans and Democratic Party payoffs as Paula Deen is to sugar and bacon grease.