We said that Tim Geithner knows how to get a laugh. Now he is inspiring others to humor, including CEO Jamie Dimon of JP Morgan. bloomberg

“Dear Timmy, we are happy to be able to pay back the $25 billion you lent us,” Dimon read yesterday from a mock letter to U.S. Treasury Secretary Timothy Geithner at the 31st Annual NYU International Hospitality Industry Investment Conference. “We hope you enjoyed the experience as much as we did.”

Of course the joke is really on Dimon and others who thought they could get out of the clutches of the government. Bloomberg: “officials surprised bankers in the past week by demanding they raise specific amounts of new capital before repaying taxpayer funds, applying a more stringent assessment than the stress tests in May. JPMorgan Chase & Co. and American Express Co. were told they need to boost common equity, less than four weeks after being informed they had enough to withstand a deeper economic slump.” It’s a laugh a minute in the Obama administration — until the bill eventually arrives, of course.

This entry was posted on Thursday, June 4th, 2009 at 4:07 am and is filed under business, Democrats, General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.