Staff Reports
In a display of wit and wisdom, Senator John Kennedy, the pride of Louisiana and a renowned comedian, showed off his razor-sharp mind during a Senate hearing on government regulation. This time, his target was none other than Jamie Dimon, the CEO of JP Morgan Chase. Senator Kennedy wanted to know if this famous bank had ever had more liabilities than assets on its books.
WATCH: John Kennedy Torches Banking CEOs With Priceless Jabhttps://t.co/b38INKQ2DO
— 🇺🇸🇺🇸Josh Dunlap🇺🇲🇺🇲 ULTRA-MAGA (@JDunlap1974) December 7, 2023
To no one’s surprise, Dimon confidently replied with a resounding “Absolutely not.” But Senator Kennedy wasn’t finished yet. He quickly reminded everyone of the three banks that had crumbled in 2023 – Signature, Silicon Valley, and First Republic – all of whom found themselves drowning in liabilities due to their idiotic management decisions.
The senator didn’t stop there, though. He firmly pointed a finger at the FDIC and regulators, who apparently did nothing while these banks were busy making a mess of things. He suggested that they were too busy doing… well, who knows what? Maybe they were off sunbathing on rooftops or mistreating their employees. It seems the FDIC had its own little scandal involving excessive drinking, vomiting, and even elevator urination. Oh, the stories these bureaucrats could tell!
In true Kennedy style, the senator then posed a thought-provoking question to Dimon. He couldn’t help but find it ironic that the FDIC, with its tarnished track record, now has the audacity to tell JP Morgan Chase how to fix any potential problems. And to make matters worse, their proposed solutions are based on standards concocted by bureaucrats half a world away in Basel, Switzerland. It’s like getting gun safety advice from Alec Baldwin. Can you imagine the absurdity?
During this exchange, Dimon struggled to find his footing, momentarily derailed by Senator Kennedy’s comedic genius. Even the CEO couldn’t help but chuckle along with the room. But Dimon did manage to regroup and argue that the risks faced by failed banks were simply hiding in plain sight. Furthermore, he voiced concerns that a push for transparency could harm U.S. banks.
Senator Kennedy, the master of wit, once again delivered his hilarious yet insightful commentary on the state of affairs in Congress. And he made it clear that relying on international bureaucrats and a blemished regulatory body like the FDIC to fix our banking system is akin to seeking gun safety advice from a celebrity who doesn’t have the best track record. With Kennedy on the frontlines, we can rest assured that someone is fighting for common sense and practical solutions in Washington.
