JAMIE DIMON: 'I want to do my share to help America get better'
JAMIE DIMON: 'I want to do my share to help America get better'
Portia Crowe - Dec. 6, 2016, 10:25 AM
JPMorgan CEO Jamie Dimon wants to help President-elect Donald Trump improve the lives of lower-wage workers.
Speaking at the Goldman Sachs Financial Services conference, the Wall Street executive, who was reportedly under consideration for Treasury secretary before the selection of Steve Mnuchin, said he wouldn't be very suited for a role in the administration.
"I've always been fairly consistent that I love my job," Dimon said.
But he said he did "immediately" join a special economic advisory team alongside other Wall Street titans like Blackstone CEO Steve Schwarzman and BlackRock CEO Larry Fink.
"I am a patriot — I want to help my country and help it grow," said Dimon, a lifelong Democrat. "I want to help lower-wage people more than I want to help you," he said to the conference audience.
Read more:
http://www.businessinsider.com/jamie-dimon-on-joining-trump-economic-advisory-team-2016-12?utm_source=feedly&utm_medium=webfeeds
Ahh the memories....
JPMorgan’s Jamie Dimon Deals With His Bank’s Felony Charge – Badly
By Pam Martens and Russ Martens: May 21, 2015
After more than 200 years of operation, yesterday JPMorgan Chase became an admitted felon. That action for foreign currency rigging came less than two years after the bank was charged with two felony counts and given a deferred prosecution agreement for aiding and abetting Bernie Madoff in the largest Ponzi fraud in history. The felony counts came amid three years of non-stop charges against JPMorgan Chase for unthinkable frauds: from rigging electric markets to ripping off veterans to charging credit card customers for fictitious credit monitoring and manipulating the Libor interest rate benchmark....
Read more:
http://wallstreetonparade.com/2015/05/jpmorgans-jamie-dimon-deals-with-his-banks-felony-charge-badly/
http://www.ibtimes.com/jpmorgan-chase-co-jpm-braces-guilty-plea-forex-rigging-settlement-1923321
A Look At JPMorgan Chase's 20 Years of Watching Madoff Commit Crimes
By Laurence Kotlikoff , - SEP 26, 2014 @ 09:05 AM
Helen Davis Chaitman, the lead attorney for Madoff’s victims and the author of The Law of Lender Liability, and Lance Gotthoffer, one of our nation’s premier litigators, are blowing the whistle on JPMorgan Chase JPM +0.43% (JPMC) big time. Their explosive new, free book is being posted chapter by chapter at www.jpmadoff.com. The title of the book is “JPMadoff: The Unholy Alliance Between America’s Biggest Bank and America’s Biggest Crook.” If you care about the future of this country, you have to read this book.
Chapter 2 was just released. It is a blockbuster! It’s based on exclusive interviews the authors conducted with Madoff, himself, during the past five years and it’s based on facts to which JPMC admitted in its January 2013 settlement of criminal charges asserted by the federal government.
Chapter 2 provides the appalling details of JPMC’s 20-year history of allowing Madoff to kite checks, allowing him to transfer vast sums of money abroad, and generally conducting his banking activities in a manner which could not possibly be reconciled with his alleged business. JPMC had an obligation to know its customer and to report suspicious activity to the federal government. Yet, the Bank said nothing to United States authorities until after Madoff confessed and was arrested. As if, at that point, the government needed JPMC to tell it that Madoff was a criminal. And, surprise, surprise, no one at JPMC has been criminally prosecuted. The shareholders have effectively been hit by huge fines for the crimes of some of JPMC’s officers. But these officers didn’t even have to disgorge their bonuses.
This book is not just about what JPMC knew and when it knew it. It’s about the incestuous relationship between so-called U.S. federal prosecutors, politicians for whom they worked, and the flow of Wall Street money to those politicians. And virtually every statement in the book is backed up by a citation to supporting authority. Thus, you don’t have to take the authors’ word for anything.....
Read more:
http://www.forbes.com/sites/kotlikoff/2014/09/26/jpmorgan-chases-20-years-of-watching-madoff-commit-crimes-read-chapter-2-at-jpmadoff-com/#6ec06331481b
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