By Nick Sorrentino, Against Crony Capitalism
Jamie Dimon in Davos Switzerland today explaining why people don’t need to know what’s going on in the banking world. It’s too “complex.” Just know that their fee comes from managing this ball of financial confusion. And that’s all you need to know.
There, don’t you feel better? I mean it’s not like the world bailed out the whole banking system or anything. We should have faith.