Forget Lehman, Bear, AIG, credit default swaps, capital ratios, the credit crisis, subprime mortgages, the demise of the uptick rule, naked shorts, the cost of the War in Iraq, rising unemployment, and Wall Street gone amuck. The Chairman of JPMC has cut through the clutter, and put his finger on what is really ailing our economy and standing in the way of our future prosperity. In a word, it is us. Well, not exactly the "we are the change we've been waiting for" kind of us. More like the "us" in the crowd to whom the tennis referee says "quiet please" so that the annoyed player repeatedly bouncing a tennis ball to himself can finally serve.
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., said the U.S. can rescue its banking system by the end of the year if officials start cooperating and stop the “vilification” of corporate America.
So, Kossacks, elected officials, and ordinary citizens, please do your part and just keep your opinions to yourselves. There are serious people out there trying to concentrate.