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‘Road to Hell for America’: JP Morgan CEO Rejects Rep. Tlaib’s Demand to Stop Funding Fossil Fuels

‘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.”

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.

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.


     
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    MattMusson in reply to bernie49. | September 23, 2022 at 3:48 pm

    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.


 
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SeymourButz | September 23, 2022 at 8:35 am

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.


 
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Whitewall | September 23, 2022 at 9:03 am

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?


 
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herm2416 | September 23, 2022 at 9:04 am

“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.


 
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Mt. Fuji | September 23, 2022 at 9:30 am

“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.


     
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    Paddy M in reply to Mt. Fuji. | September 23, 2022 at 9:48 am

    Much of the world is governed by a cult and an alarming number of citizens of those countries are drinking the Kool Aid.


     
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    Ironclaw in reply to Mt. Fuji. | September 23, 2022 at 11:30 pm

    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.


     
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    henrybowman in reply to Mt. Fuji. | September 24, 2022 at 2:40 am

    “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.


 
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CommoChief | September 23, 2022 at 9:39 am

Jamie Dimon should channel ‘old man Morgan’ more often.


 
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Peter Moss | September 23, 2022 at 9:57 am

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.

“Celisus”?! That’s as funny as 0bama’s “corpsemen”.

Typo in the headline. The bitch’s name is Tlaib, not Talib. The subhed gets it right.

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.


       
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      randian in reply to Pasadena Phil. | September 24, 2022 at 4:37 am

      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.


 
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texansamurai | September 23, 2022 at 10:41 am

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


     
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    henrybowman in reply to texansamurai. | September 24, 2022 at 2:45 am

    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!

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.

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.


 
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JohnSmith100 | September 23, 2022 at 4:49 pm

We know that she is at least as dumb as Waters, Abrams and maybe even down to Omar’s speed.


 
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BierceAmbrose | September 23, 2022 at 8:17 pm

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?

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