An "Awwwww Isn't That Sweet" Moment Brought to You By JP Morgan Bank

[Butch McQueen]

Was just reading an article that discussed the various contingency plans of the major financial institutions in the event that last month's government shutdown had led to a default.

In October, officials at JPMorgan Chase & Co asked Chief Executive Jamie Dimon how to handle the government benefits that many of its customers receive monthly.

Some of the bank's retail customers depend on government programs like Social Security and food stamps to pay their bills, and Dimon decided the bank would pay the benefits out of its own pocket if it had to.

"We're going to fund them," he said, according to a person at the meeting. "It is the right thing to do."

Isn't this the same outfit that just got hit with a record breaking 13 billion dollar fine for breaking the law? Looks like very timely corporate spin and BS to me!

Butch

[irisblue]

1. If a Bankster is breathing, they are lying.

In particular Jamie Dimon. The propaganda arm of Chase is getting better.