The head of banking giant JP Morgan Chase said on Wednesday that Elizabeth Warren just doesn't understand the global banking system. Speaking to "So That Happened" at Huffington Post, the Massachusetts Senator shot back, “The problem for these guys is that I fully understand the system and I understand how they make their money. And that’s what they don’t like about me.”
Dimon doesn't like it when he's challenged.
Our financial system is not merely corrupt in practice. It is corrupt by design.
The Fed said the wills the banks presented were "unrealistic" and that firms lacked significant structural changes necessary to carry them out.
Only the $9 billion is a sure thing – and most of that money will go to government agencies that have a poor record of providing relief to wronged homeowners.
The Daily Show's Jon Stewart once again destroys the hypocrites over at Faux "news" for their attacks on those living in poverty and their double standard when it comes to shilling for those receiving corporate welfare.
Eric Holder has been Jamie Dimon’s (and other Wall Street CEOs’) bird in the hand for too long. DOJ needs to stop cutting secretive, inadequate deals with Wall Street moguls, and start doing some perp walks of CEOs.
If a jury of regular folks looked at the stuff Dimon and JPM had done, they might well throw the book at them- like actually send them to jail or something. Jamie Dimon certainly doesn’t want that.
The JPMorgan Chase settlement documents tell us mortgage fraud was widespread through every large bank.
In a poll last year, nearly half of the senior bankers polled acknowledged a willingness to break the law to make money.
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