‘Road to Hell for America’: JP Morgan CEO Rejects Rep. Tlaib’s Demand to Stop Funding Fossil Fuels
Get off your high horse, Tlaib.
All of the banking CEOs facing the House Financial Committee told Congress the same answer about not funding fossil fuels:
NO.
But JP Morgan CEO Jamie Dillon, who is not a conservative, had the best answer for Rep. Rashida Tlaib (D-MI), who was about as smug and high & mighty as one could be:
“You have all committed, as you all know, to transition the emissions from lending and investment activities to align with pathways to net-zero in 2050 … So no new fossil fuel production, starting today, so that’s like zero. I would like to ask all of you, and go down the list, because again, you all have agreed to doing this. Please answer with a simple yes or no: does your bank have a policy against funding new oil and gas products, Mr. Diamond?” Tlaib asked.
Jamie Dimon, chairman and CEO of JPMorgan Chase & Co., said, “Absolutely not, and that would be the road to hell for America.”
“Yea. That’s fine. That’s fine,” Tlaib responded. “Sir, you know what? Everybody that got relief from student loans [that] has a bank account with your bank should probably take out their account and close their account.”
She continued, “The fact that you’re not even there to help relieve many of the folks that are in debt, extreme debt because of student loan debt, and you’re out there criticizing it,” before moving on to the other bankers.
“We are living through a climate crisis,” Tlaib lectured.
Dead. Laugh. Out. Loud. These people
The other CEOs responded more diplomatically but agreed with Dimon:
“We will continue to invest in and support clients who are investing in fossil fuels and in helping them transition to cleaner energies,” Jane Fraser, CEO of Citigroup, said.
Brian Moynihan, CEO of Bank of America, voiced a similar stance, and said, “We are helping our clients make a transition, and that means we’re lending to both oil and gas companies and to new energy companies and helping monitor their course toward the standards you’re talking about.”
Charles Scharf, president and CEO of Wells Fargo & Company, simply stated, when asked, “The same thing that Mr. Moynihan said.”
Blah blah blah.
I like Dimon’s answer the most. It’s the truth, and he’s blunt.
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Comments
A more appropriate response to Tlaib would have been, “F*** you and the camel you rode in on.”
Voters in Mich need to impeach that father mucker.
Votes can’t impeach anyone. And she’s already survived a primary challenge, so she’s set for the next two years.
Can’t put one over on you Milhouse.
You must be a lot of fun at parties.
Milhouse is the “party ender”.
If the kind of party you like is the kind where you sit around telling lies and pissing on everything decent, go join the Democrats where you belong.
Two more years to look ignorant, or Democrat.
Her opinions should increase in importance as the heating season begins and dire warnings of 60-70% increases in electricity (after the election, of course) are making the news.
She has that office for as long as she wants it.
The Fraud Squad is back,
If only she had enough self awareness to realize that she is completely wrong, and the rapidly rising (more so after the election) heating prices, as being warned in the “news,” are a direct result of the economically ignorant Green Nude Eel.
Or more simply, she is a putz.
The only reason she is set is that Henry Ford hated Jews and imported a bunch of camel jockeys. They are now overrunning an increasing area.
I am no fan of big banks, but Dimon’s response was excellent.
Can anyone link to the lawsuit Rep Tlaib mentioned? I suspect, but do not know, that it is simply a nuisance suit designed for political purposes.
The Road to Hell is paved with GREEN Intentions.
The upcoming Global Famine is the direct result of the lack of Fossil Fuel Fertilizer which is a direct result of the 52% drop in bank lending for Oil and Gas Drilling and Exploration.
Her ego is so fragile.
The left is anti-human except for themselves, of course. The road to Hell is the point, but only for us proles. Eliminating fossil fuels with no viable alternatives will produce untold misery worldwide, especially for the black and brown folks that leftists claim to champion. We’ve already seen what happened in Sri Lanka and Ghana. Canada and the Netherlands are on the clock.
I wish Jamie Dimon ran for President of the U.S. but in addition to the intolerable level of b.s. from people like Congress, the pay cut would be intolerable.
I would not want him anywhere near the WH.
This jack ass of a woman set the table of ‘known answers and facts’ in expectation of ‘proper answers’ from the dutiful kulacs while on camera. She got shot down and resorted to silly retorts about obscure people with pass book bank accounts moving their money or something. Her kind our running our country how, exactly and why?
“Everybody that got relief from student loans [that] has a bank account with your bank should probably take out their account and close their account.”
Better yet, have them repay their loans with said funds.
I thought Obama made the government take student loans away from private banks….so they could just forgive them in the future?
I was a completely retarded rant since private banks don’t do college loans anymore.
I seem to remember AOC or some other dingbat congresscritter make a similar critique of bankers an student loans
The exec told her the exact same thing “‘we no longer do student loans,’
Years after Obama took them over
That would be the retard named Maxine Waters, who is supposed to be the chair of the financial services committee.
There’s no connection between the two phrases. Essentially what she said is that every random Gimmiecrat who has an account at his bank should close it.
They would impeach Trump for saying anything remotely resembling that.
“Why are people (individuals and groups) advocates of their own destruction?”
When the lights go out, and people are starving they will remember those who drove them to that point with naive and ignorant policies and will go after them full force because they have nothing to lose.
Net zero is the dumbest thing I have ever heard, and that these people think that CO2 is a poison rather than plant food. Friggin’ morons the lot of them.
Much of the world is governed by a cult and an alarming number of citizens of those countries are drinking the Kool Aid.
Because the kool aid wasn’t frozen yet. Give it a few months.
Unfortunately, many of them will NOT know who drove them to that point because they don’t understand the cause and effect of it. They don’t understand that modern agriculture is married to the petrochemical industry in ways that can’t easily or affordably be undone. They don’t understand the large amount of petroleum products it takes to build their EV, or that they will have to keep buying some of those such as the tires. They will never understand because they are mal-educated, and though it’s not their fault, they will pay a dear price for it.
“When the lights go out, and people are starving they will remember those who the liars they originally followed told them drove them to that point with naive and ignorant policies and will go after them full force because they have nothing to lose.”
Remember the “Putin price hike?” NPCs spent all their two minutes hate on Putin, zero minutes on Biden. And when Biden policies fail, they will believe it’s all Trump’s fault because Biden said so in the Red Speech. And who will they go after then? 18yo Republican teenagers that they “fear.”
You can expect NPCs to all have revelations, or you can stockpile and carry hollowpoints.
I know which way I’m betting.
Jamie Dimon should channel ‘old man Morgan’ more often.
‘Old man Morgan’ would not only speak bluntly, he would stare straight at her and scare her to death, never to speak again.
Sigh. We can dream.
I’m not sure old man Morgan wouldn’t have told the committee to pound sand and to come see him in his office if they wanted his wisdom.
Tlaib should lead by example if she is so concerned about her “climate emergency” but she won’t because she expects us to suffer the consequences of the policies she espouses. She represents the worst of the progressive mindset towards government.
Actually, she embodies the progressive mindset towards government.
“Celisus”?! That’s as funny as 0bama’s “corpsemen”.
What?
Listen to the recording. She had obviously never seen the word Celsius before, and pronounced it “Celisus”.
Typo in the headline. The bitch’s name is Tlaib, not Talib. The subhed gets it right.
Fixed, thanks. I opted not to include that she is a bitch (though I agree). I’m sure you understand. 😛
You are allowed to use other words: vile comes to mine.
I use that word quite often. 😉 Just not usually in headlines.
Repugnant? Repulsive? Shrill? Shrew? Skank? I tend to like alliteration so would probably go with “Tliab the tramp”.
Maybe a rhyme, There’s Rahab of biblical fame – she was a harlot … or Rehab … Tliab in Rehab … And yeah, I know the a comes before the i – but mispronouncing a name is one of my go-to moves for showing contempt. So there.
I just refer to her as “the Michigan Tliaban.”
That’s subheAd.
JP Morgan CEO Jamie Dillon rejects proposal for direct fascist policy by Rep. Rep. Rashida Tlaib (D-MI).
Getting that bit of news is not a bad way to start the day.
This is a good sign. More and more, Trump isn’t alone in standing up to the communist tyrants. DeSantis, the Fed and now the central banks. The equity market reaction has been very negative and it’s not all about the Fed for a change. Tells us that there is too much money invested betting on the communists to win so for the American central banks to draw the line is a big deal. Now let’s watch the markets sort it out.
The banks aren’t standing up to anything, really. Read Moynihan’s statement more carefully. “Helping monitor their course toward the standards you’re talking about” isn’t a rejection of the course, only the speed with which we are being pushed along it.
You are failing to consider why the banks make those green tech loans in the first place. The banks are in the business of making money. Period. The only reason they lend to Exxon and others for their green projects is because they are backed by government subsidies. If the Tlaibs are going to start using that as leverage to bludgeon them into falling in line, they will walk away from that part of the business and green tech will collapse. That will create even more opportunities to lend to the oil companies on projects that make money without the government subsidies.
BTW, Vice-Fuhrer Larry Fink’s Blackrock, by far the largest investment company in the world, larger than most national economies, is the largest owner of oil stocks. This is the guy cramming ESG on everyone else. You would think Blackrock wouldn’t own a single share wouldn’t you? He is about making money. ESG? That’s for suckers.
One of Fuhrer Klaus Schwab’s biggest frustrations is how companies so quickly concede to ESG but don’t follow through. This week Plains All American added an eco-Karen onto their top management team. These big pipeline companies don’t need to be bullied into investing in the latest technology. It is already efficient to invest in the best, safest technology. If she is there to talk them into abandoning their business, she will leave on her own soon enough.
There is a lot of that going around. ESG, CRT and other cancers are burning themselves out and will be gone soon enough.
Tlaib is vile; ugly without and within. None of these fanatical Dumb-o-crats (none of whom ever held a substantive private sector job for any substantive length of time) have anything positive to offer — all they can proffer are the same old, stale and self-serving demagoguery and Leftist talking points.
like the rest of the squad, she’s so ignorant she doesn’t even realize who she’s speaking to–each of those ceos have their fingers on the pulse of the world’s economy 24/7–their individual/collective responsibilities dwarf any pretentious authority she strains to project–they are in positions to know (from long and genuine experience) whereof they speak–succinctly and with decorum the ceos reveal her as the ignorant, deluded turd she is
Wonder if any of these titans of industry thought to answer, “I’ll be happy not to fund any of those projects in your district.”
All her constituents can take their $32.87 out of my bank? Fine, they can also miss the energy gravy train.
Dimon’s retort cuts right to the heart of the matter. This ESG nonsense will absolutely crater the world economy and destroy trillions of dollars of shareholder value. Our economic productivity will crater, and billions of people will lose their livelihoods. Billions of people will starve.
ANY company leader who endorses this lunacy should be fired immediately. ANY board member who espouses it should be sued for failing to uphold their fiduciary responsibility to their shareholders.
She’s no AOC!
Absolutely true. I have never had any desire to date her whatsoever.
If it weren’t for fossil fuels she would be wearing a pelt, she wouldn’t be in her climate controlled home using modern technology to communicate with people miles away.
I seriously doubt she would give up any of her modern conveniences she enjoys today.
No, but she expects you and I to.
I wonder how many of them would volunteer themselves and their families for the starvation that will result from their whack-a-doodle insane climate policies.
We know that she is at least as dumb as Waters, Abrams and maybe even down to Omar’s speed.
At what point does a congress critter calling for people to kneecap businesses become interference? Incitement? At what point does “Do what I, the govt, want.” become fascism?
We really should stop indulging The Squad’s delusion that getting elected to a rep seat means they can order all things to their will by declaring it.
This whack-job is so out off line, she’s got me arguing for the prerogatives of major banks.
I’m confused by her statement “net zero” 2050 is “like zero” today? Esp. where I’ve understood “net zero” to refer to the balancing of debits and credits … i.e., spend $1,000 to make $1,000 that’s a ‘net zero’.
I’d like her to explain what she thinks “net zero” means and why the investors prior commitment to transitioning is seen as an absolute moratorium on fossil fuel investment today?
It’s a lead-time computation. They’re making money off these energy projects today. If they stop investing in more of them today, it will take 28 years for their current projects to stop producing income.
Thanks HB!