I guess it should be no surprise that his bank is completely corrupt, Some things never change.
Jamie Dimon, head of J.P. Morgan now, served on the N.Y. Federal Reserve board of directors. He was named CEO of the year in 2011. That tells me a lot about how a billion dollar bank is run, but also about how the country is run. Mr. Dimon made 23 MILLION last year. I am not sure what he had to do for all that money, what was he doing? I can hardly believe a man who was CEO of the year could tolerate sloppiness?
JP Morgan chief reveals $2bn trading loss caused by 'sloppiness' | Business | guardian.co.uk
I took my money our of Wells Forgo 2 weeks ago, and put it in a local community bank. Dimon's big fat salary came at the expense of the unemployed, the foreclosed upon, all of us who pay astronomical credit card and bank fees.
The SEC is going to be looking into J.P. Morgans business practices, Seriously. I want to know, besides Bernie Madoff, who has the SEC prosecuted? There should be a lot more people in jail. What is going to happen? Jon Corzine ran M.F Global into the ground, I wrote about that last year. He's not in jail. There are no consequences for these criminals, unlike average American citizens. I'm not holding my breath, waiting for these charlatans to get a forced vacation in the big house. Criminal behavior by bankers isn't just tolerated in America and everywhere else, it is rewarded.
Happy Mothers Day everyone. I'm really glad Jamie Dimon isn't my son.