Dear George, It's Time...

10/15/08 10:43AM EDT
At the risk of sacrificing accuracy for verbatim, I will paraphrase what JPM's CEO, Jaime Dimon, just said on his quarterly conference call when asked about what he plans on doing with the $25B (bee-llion) that Paulson just passed over to him and the boys at “Investment Banking Inc”...

'While it we may NOT have needed the money, we'll GLADLY accept it'...

Is this what Hank Paulson had in mind in setting this entire country on fire with alarmist rhetoric? JPM doesn’t need the money!

This is beyond embarrassing. American integrity is being short sold by the world this morning. We can do much better than this. George, it’s time to fire Hank “The Market Tank”. He is crushing our retirement accounts. Bring in someone else and the ensuing market rally will make Monday’s melt-up look tame.

You used to have a man managing the Iraq situation as recklessly. His name was Rumsfeld.

Sadly,

Keith McCullough
Research Edge LLC
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