Judge Slams Boss Bloomberg

Judge calls new rule called ‘arbitrary and capricious’

New Yorkers celebrate they are temporarily free from Strongman Bloomberg

New York City economy improves immediately

Stress and anxiety is lowered in Manhattan

CEO Elon Musk :“we’ll do better next quarter – promise.”

Billionaire CEO Elon Musk continues to spill red ink with his Tesla electric car hobby. He recently assured shareholders: “we’ll do better next quarter – promise.”


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Buffett and his Becky

Mayor Michael Bloomberg is the new Soda Dictator

Billionaire New York City Mayor Michael (the mouth) Bloomberg is at it again

Dictator: (via Merriam-Webster)

a : a person granted absolute emergency power; especially : one appointed by the senate of ancient Rome 

b : one holding complete autocratic control

Yep, there he goes again.

Who? Well it is non other than New York City Mayor/Dictator Mike Bloomberg coming out with his latest sensation ("Crazy Notion of the Month?")

Mad Man Mike (Bloomberg) has proposed eliminating large sugary soft drinks in order to curb obesity. The New York City ban plan would make it illegal for food service establishments such as restaurants, street vendors, sports venues and movie theaters to serve sugary drinks that are over 16 ounces.

According to Mike Himself:

 "Obesity deaths have grown to 5,000 and will soon exceed the number of smoking deaths [in New York City]. You can still be obese, we are just telling you this is detrimental to your health and helping you understand that with portion size."

Sorry (not really) Mike, Think Billions disagrees.

Long, live Diet Coke!

Two Shareholders Sue J.P. Morgan Over Trading Losses

NEW YORK—Two shareholder lawsuits were filed late Tuesday against J.P. Morgan Chase JPM +1.74% & Co. and its top executives over the revelation last week that the bank had suffered more than $2 billion in trading losses. The lawsuits alleged that the bank's top executives, including Chief Executive Jamie Dimon, misled investors about the company's investment exposure and the potential risk of loss on those bets.

 "These derivative bets went horribly wrong, resulting in billions of dollars in lost capital for the company and billions more in lost market capitalization for J.P. Morgan shareholders," one of the lawsuits said.

- The Wall Street Journal

Jamie Dimon: Way too big to fail

Who is Jamie Dimon?

The answer is a simple one. Jamie Dimon is simply Way Too Big to Fail.

Jamie Dimon is currently chairman and CEO of JP Morgan.

Interestingly, Jamie is also on the board of the New York Federal Reserve Bank. A banking regulator and important part of U.S. monetary policy.

Jamie Dimon was a classmate of (now GE chairman and fellow crony capitalist) Jeffrey Immelt while studying for their MBA's at the Harvard Business School. Jeffrey Keith "Jeff" Skilling, former President of Enron and also a Harvard MBA, was not a classmate of Jamie Dimon while at Harvard. Jeff Skilling is currently serving a 24-year, four-month prison sentence at the Federal Correctional Institution in Englewood, CO.

This month, JP Morgan received worldwide global attention for its $2 billion financial market trading loss disclosure. If you have a problem with this trading loss as a shareholder, JP Morgan customer, or a U.S. taxpayer, please remember: Jamie Dimon is Way Too Big to Fail.

On December 31, 2005  Jamie Dimon was named CEO of JP Morgan Chase (NYSE: JPM). One year later, he was named chairman.

When Jamie Dimon began as CEO JP Morgan stock was selling for $39.69 per share. JPM closed trading on May 15, 2012 at $36.24. The 7-year total-Jamie-Dimon-JPM-return is down over $3 per share. When Jamie Dimon began as CEO, JP Morgan was providing shareholders with a 34 cent per share quarterly dividend. That dividend was cut to 5 cents per share in 2009 and is now up to 30 cents per share quarterly.

If you have a problem with this stock performance as a JPM shareholder, again, please do remember: Jamie Dimon is Way Too Big to Fail.

I told you homeboy ( can't touch this)
Yeah, that's how we living and you know (can't touch this)
Look at my eyes, man (You can't touch this)
Yo, let me bust the funky lyrics (can't touch this)

   MC Hammer - Can't Touch This