Posted by Cognito on Thu, Apr 16 2009

All Posts by Cognito

Dimon Quotes Hawthorne

Very interesting message this morning from JPM on the repaying the TARP funds. Aparently accepting this money has been a Scarlet Letter which Dimon is keen to pay back as soon as possible. Also we won't be participating in the PPIP. Probably one of the pricklier 'thank you notes' a creditor has received in a while.

The messaging is debatable but kudos to Dimon for the literary plug. There's not nearly enough of this stuff in today's corporate-speak. I'm looking forward to seeing whether Edward Liddy's next address to Congress and the Senate will include a little Shakespeare: "A curse on both your houses!" or if Vikram Pandit will bust out some Oscar Wilde: "If I hadn't my debts, I shouldnt have anything to think about!"

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