Jamie Dimon must be part of Timmy's socialist banking plot

Baseline Scenario has a post up about the fight between the New York Fed and the other regional Feds over dividends vs capital. Essentially the NY Fed wants banks to hold less reserves against liabilities and pay more dividends to shareholders.  The regulators around the world are trying to force higher reserves so NY bankers cannot cause another fiasco. Remember, Timmy Geithner's socialist banking plot?

History:  The NY Fed is the original reserve bank in the federal reserve system, created by JP Morgan when the big banks needed Woodrow Wilson to bail them out. Jamie is on the board of the NY Fed, and also the CEO of JP Morgan, the original Bailee in the panic ot 1907, just before Woodrow's election.

Jaimie is also the mannager of Obama. Wall Street always assigns a manager for our dumbest presidents, they did this for Reagan, lil Bush and now Obama. Jaime is the reason the tax cuts were not extended.

Anyway, back to the plot. The intent here is to continue the long line of socialist banking where American bankers go globe trotting while taxpayers in California back them up with insurance and military firepower. The issue here is regulaors from collective governments around the world want stronger reserves against liabilities, to prevent another NY socialist banking fiasco.

Timmy is the inside man, Jaime is the outside Obama handler. Remember Donald Regan, Secretary of Treasury under Ronald. Don was the Wall Street guy assigned to manage our alzheimers president, Ronald. Dick 'Deficits don't matter' Cheney handled lil Bush.

Back to the plot. These bankers are delusional, that is why they need taxpayer back up. The whole problem with their scheme is that the Internet robots will sniff out their trades, likidy split. That was the problem in 1907 when JP first went socialist. What happened in the panic was simple, Wall Street installed telephone switch boards and trading frequencies went from hours under the telegraph to minutes with the telephone. Traditional bankers got caught short. Simple stuff beffudles these guys.

Jaime, like many of the oligarchs think they can fool old Jerry Brown into funding another round of DC insurance for them, not likely, but they try. The problem is Wall Street is rapidly being digitized away, flung off to the far off corners where these bozos do not even speak the language. Many of them barely understand the robot traders, they are in way over their head. Haven't a clue about what is unfolding.

So, instead of adaptng, they spend money on the Tea Party and on managing Obama. But the problem is, we folks on the Internet have the DC Delusions in a bind, we have them working week to week to manage years of fiasco. The domain of DC hardly reaches NYC anyore, it is rapidly shrinking to DC, Eric Cantor's district, and Ben's office. Obama is no Clinton, and Obama cannot step outside the delusion to crack the plot.

The Civil War was a similar fiasco. John C Fremont, the telegraph, and the Republicans of Illinois sprung a fast one, getting Federal subsidies for Manifest Destiny. Oddly, the Internet is wanking these guys in the same way, and also came from California.  I think California has been fighting these nutcases since we originally became a republic. Because California is far from the DC Delusion, we always go for the communication technology.

NYC bankers, as dumb as oxes, they exist only because of Congressional subsidies. We spend a ton of military money insuring the world trading system for these guys.