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JS Kim: Bank CEOs Didn’t Always Break Bad. The 1609 Municipal Bank of Amesterdam Provides a Model for a Good, Honest Bank

I am convinced that every single top bank executive in this world has studied the Bystander Effect in great detail and knows how to use the psychological manipulation effect of Joseph Goebbel’s statement above to dupe good people into helping them continue running their destructive and ruinous criminal empire. Just as Walter White’s neighbors on the hit AMC show “Breaking Bad” could never fathom that a chemistry teacher and a good family man could be so evil, a lot of bank employees fall for the same charade and false façade of sociopathic Bank CEOs like Lloyd Blankfein, who had the audacity to label his firm’s crimes as “God’s work”. Every so often, however, bank CEOs fail to hide their true nature, slip, and show just a sliver of who they really are, as when JP Morgan CEO Jamie Dimon chided a journalist that asked him if his bank was really stable and financially viable. As you can see from this graphic, JP Morgan is clearly not a stable bank. Yet that did not prevent Jamie from taunting the journalist by responding to his question with the sophomoric and childish response, “that’s why I’m richer than you.”

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September 2021
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