► Jamie Dimon: Today’s “Avarice” Award Winner Print E-mail

Jamie Dimon: Today’s “Avarice” Award Winner

 

Congratulations to….

 

Jamie Dimon

Today’s “Avarice” Award Winner

 

Jamie Dimon is the CEO of JPMorgan Chase who was paid $20 million in 2013. Jamie was CEO when the meltdown on Wall Street occurred in 2008 and oversaw receipt of $25 billion in bailout money (TARP) from the taxpayers in October 2008.

 

In January 2015, Jamie announced that JPMorgan Chase had earned $4.9 billion in the fourth quarter of 2014, and called the profits a record year for JPMorgan Chase.

 

Not satisfied with $4.9 billion in quarterly profits and yearly income of $20 million, Jamie the Ingrate had the chutzpah to warn that “banks are under assault” from government regulators. The Greedy Ingrate went on to say:

  • “In the old days, you dealt with one regulator when you had an issue, maybe two. Now it’s five or six. It makes it very difficult and very complicated.”
  • “You all should ask the question about how American that is. And how fair that is.”

The regulations that Jamie the Whiner speaks of led to him agreeing to pay $1.1 billion to settle charges by U.S. and foreign regulators that is traders had manipulated currency markets. In addition, over the past two years (2013 to 2014), JPMorgan paid out another $14 billion in settlements and fines related to the London Whale trading logs, manipulating the key interest rate benchmark Libor, and issuing bad mortgages that helped lead to the financial crisis of 2008.

 

Apparently, Jamie the Loser would have us believe that it was the regulations costing JPMorgan $15.1 billion in fines and settlements that was the root cause of its highly unethical and/or borderline criminal conduct.

 

Unfortunately, Greedy Jamie and those of his ilk on Wall Street have sufficient funds to purchase the services of the vast majority of U.S. Senators and House members to assure that present day regulations are set aside.

 

Congrats Jamie; keep up the good work! We should let everyone know of your amazing record as one of Americas Least Appreciated “Greedy Losers”; you are far too humble.

 

 
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