Thursday, October 14, 2010

The "Developed" West - A New Kind of Forthrightness

A quote from the Financial Times on JPMorgan Chase's 3Q10 earnings conference.
Switching between annoyance at one analyst’s use of a “squawk box” to terse replies on JPMorgan’s soaring reserves against litigation and passionate perorations about the bank’s role in society, Mr Dimon displayed his customary forthrightness even if he was not always forthcoming about some of the details.
This was just too good a quote to let pass without comment.  Positively brilliant. 

And, I'd note it sets a high standard for this blog's favorite investment bankers in Kuwait and Bahrain to aspire to.  (And, yes, each word in that sentence has been deliberately chosen).

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