Three Billion Years of Banking

Three Billion Years of Banking

Postby Speak-Ez on Thu Apr 09, 2015 8:17 am

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It seems the head of JPMorgan Chase & Co., Mr. Jamie Dimon, is trying to get some U.S. restrictions lifted and is using the interesting technique of citing a three-billion-year timestamp. Yes, you are reading that correctly, three billion years. Yes, I am quoting this strange human correctly.

Well, I am quoting Bloomberg, who is quoting that human who seems to somehow imagine a period of three billion years. I didn't even know they had banks three billion years ago. Actually, I never read anything in the history books about the Caveman Trust Bank even some 60 million plus years ago.

http://www.bloomberg.com/news/articles/ ... ning-shot-

In fact, I am just now thinking of what kind of interest we'd be getting if we had put a deposit in that Caveman Trust Bank 60 million plus years ago.

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Re: Three Billion Years of Banking

Postby CielOnTap on Sat Apr 11, 2015 2:56 pm

Humans never cease to amaze me. I'm sure Mr. Dimon is going to cite some never-before-heard-of accounting principles that supercede current generally accepted accounting principles in North America?
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