Sanders taunts Jamie Dimon again [View all]

[booley]

Dimon said socialism would be a disaster for the country and said capitalism needs to be modified to better serve society. He repeated the points Wednesday in a CNBC interview in which he declined to talk about individual candidates. The Vermont lawmaker, a 2020 presidential contender who calls himself a socialist, shot back.

“That’s funny. Jamie Dimon seemed fine with corporate socialism when his bank got a $416 billion bailout from American taxpayers,” he wrote on Twitter Wednesday.

Dimon has previously said JPMorgan, which expanded during the crisis by acquiring collapsing rivals, didn’t need a bailout to survive. In 2012, he told the Senate his firm temporarily accepted $25 billion from a Treasury Department program because “we were asked to” so weaker rivals could tap it without being singled out.

https://www.bloomberg.com/news/articles/2020-01-23/bernie-sanders-taunts-jamie-dimon-again-after-ceo-jabs-socialism

Saying "everybody else was doing it" is still Socialism for the Rich, Rugged Individualism for everybody else.